Renee and Sanjeev Patel, who are married, reported taxable income of $273,000 for 2016. They incurred positive

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Renee and Sanjeev Patel, who are married, reported taxable income of $273,000 for 2016. They incurred positive AMT adjustments of $38,000, negative AMT adjustments of $14,000, and tax preference items of $67,500. The couple itemizes their deductions.
a. Compute the Patels' AMTI for 2016.
b. Compute their tentative minimum tax for 2016.
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Related Book For  answer-question

South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

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

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