Jose, an unmarried taxpayer filing single with no dependents, has AGI of $200,000 and reports the following

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Jose, an unmarried taxpayer filing single with no dependents, has AGI of $200,000 and reports the following items in 2017:

Taxable income …………………………………………...............……$160,000

Tax preferences ……………………………………………...................…10,000

AMT adjustments related to itemized deductions …………...30,000

Regular tax liability ………………………………………...................….37,782

What is Jose’s AMT liability for 2017?

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Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Apr 02, 2018 01:29 AM

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Jose, an unmarried taxpayer filing single with no dependents, has AGI of $200,000 and reports the following

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Regular taxable income 160000 AMT preferences 10000 AMT adjustments ...View the full answer

Federal Taxation 2018 Comprehensive

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