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Paul,a calendar year married taxpayer,files a joint return for 2016.Information for 2016 includes the following:
AGI
$175,000
State income taxes
13,500
State sales tax
3,000
Real estate taxes
18,900
Gambling losses (gambling gains were $12,000)
6,800
Paul's allowable itemized deductions for 2016 are:
Tablet PC
A portable personal computer equipped with a touchscreen as the primary input device, designed for mobile use and small enough to be held in one hand.
Cellphone
A portable device that allows users to make and receive calls, send text messages, and access various multimedia and internet functions.
Standard of Value
A recognized measure that people use to set prices and make economic evaluations, such as a currency.
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