Homework Answers
Calculation of Linda's Allowable itemized deduction for the year:
| Particulars | Amount |
| Itemized deduction subject to overall limit: | |
| Local and state taxes (capped up to $10,000) | $10,000 |
| Home mortgage interest | $5,000 |
| Charitable contributions | $7,000 |
| Unreimbursed employee expenses Eliminated from 2019 | |
| Medical Expense - 33,000-(280,000*10%) | $5,000 |
| Casualty Loss Eliminated from 2019 | |
| Linda's Allowable itemized deduction for the year | $27,000 |
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