what are tge itemized deduction for 2019 after applying all limitations? Kevin tage ans...
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what are tge itemized deduction for 2019 after applying all limitations? Kevin tage ans divorced and nas adjusted gross income of $360,000 for 2019 (including $2,900 in investment income consisting of 52.100 short-term capital gains and $800 of interest income). Kevin paid the following amounts in 2019: . 536,300 interest on his home mortgage. This is acquisition debt on his principal residence which was purchased in 1996. The principal amount of the mortgage is $1,100,000. He also paid $9,800 in real estate taxes on this home Medical expenses of $36,500 . $6.000 interest on a home equity loan with a principal amount of 5125,000 that was secured by a second mortgage on their home. He spent $50,000 of the loan proceeds buying a new car $20,000 on a vacation and $55,000 on buying a new $5,200 investment interest expense $2,100 other investment expenses $7.200 unreimbursed employee business expenses (no meal or entertainment expenses) $3,900 state income taxes to the state of California $1.500 in state and local general sales taxes $475 fees paid in 2019 to his CPA for preparation of his 2018 tax return . $2,100 contribution given to the University of Miami Hurricane Club (so he had the ability to purchase tickets in good seat locations at the UM football games) and $1,600 contribution to the University of Miami Business School Alumni Association. He also gave cash of $3.600 to a qualified not-for-profit organization Kevin tage ans divorced and nas adjusted gross income of $360,000 for 2019 (including $2,900 in investment income consisting of 52.100 short-term capital gains and $800 of interest income). Kevin paid the following amounts in 2019: . 536,300 interest on his home mortgage. This is acquisition debt on his principal residence which was purchased in 1996. The principal amount of the mortgage is $1,100,000. He also paid $9,800 in real estate taxes on this home Medical expenses of $36,500 . $6.000 interest on a home equity loan with a principal amount of 5125,000 that was secured by a second mortgage on their home. He spent $50,000 of the loan proceeds buying a new car $20,000 on a vacation and $55,000 on buying a new $5,200 investment interest expense $2,100 other investment expenses $7.200 unreimbursed employee business expenses (no meal or entertainment expenses) $3,900 state income taxes to the state of California $1.500 in state and local general sales taxes $475 fees paid in 2019 to his CPA for preparation of his 2018 tax return . $2,100 contribution given to the University of Miami Hurricane Club (so he had the ability to purchase tickets in good seat locations at the UM football games) and $1,600 contribution to the University of Miami Business School Alumni Association. He also gave cash of $3.600 to a qualified not-for-profit organization

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