Use the following data to calculate Chiaras AMT base in 2019. Chiara will itemize deductions and will

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Use the following data to calculate Chiara’s AMT base in 2019. Chiara will itemize deductions and will file as a single taxpayer. 

Taxable income............................$248,000 

Positive AMT adjustments..............73,000 

Negative AMT adjustments............25,000 

AMT Preferences.............................30,000

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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357109175

23rd Edition

Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney

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