In addition she has a casualty loss of 6000 and state, Ask an Expert

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Rene Rogers has adjusted gross income of $40,000. She has medical expenses of $5,000 and $3,000 of miscellaneous itemized deductions subject to the two-percent-of-AGI limit. In addition, she has a casualty loss of $6,000 and state income taxes of $1,500. Compute the deductible amounts of these items for regular tax purposes?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973058

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