Jerry, who is single with no dependents and does not itemize, provides you with the following information

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Jerry, who is single with no dependents and does not itemize, provides you with the following information for the tax year.
Short-term capital loss ............................................................................. $ 7,000
Long-term capital gain ............................................................................. 25,000
Municipal bond interest received on 2004 private activity bonds ............................. 9,000
Dividends from U.S. corporations ................................................................. 2,300
Excess of FMV over exercise price of ISOs (no restrictions apply to the stock) .......... 35,000
What is the total amount of Jerry's AMT preference and adjustments?
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Related Book For  answer-question

South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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