Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following
Question:
Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following items in 2018:
Taxable income ................................................................ $550,000
Tax preferences .................................................................... 70,000
AMT adjustments related to itemized deductions ........... 40,000
Regular tax liability ............................................................ 169,190
What is Jose's AMT liability for 2018?
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Regular taxable income 550000 AMT preferences 70000 AMT adjustme...View the full answer
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Related Book For 
Federal Taxation 2019 Individuals
ISBN: 9780134739670
32nd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson
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