Amy files her 2 0 2 3 individual tax return as a single filer. Her taxable income

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Question:

Amy files her

2023

individual tax return as a single filer. Her taxable income is $

700, 000 .

To determine whether or not her alternative minimum tax liability is higher than her regular tax, she uses the following information:

Adjustments that increase AMTI:

30, 000

Adjustments that decrease AMTI:

10, 000

Preference items:

15, 000

Amy does not have any tax credits.

Please calculate Amy\'s

2023

alternative minimum tax.

Posted Date: May 10, 2024 04:03 AM

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Amy files her 2 0 2 3 individual tax return as a single filer. Her taxable income

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To calculate Amys 2023 alternative minimum tax AMT we need to determine her alternative minimum taxa... View the full answer

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