Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following items in 2019 Taxable income $550,000 Tax preferences 70,000 AMT adjustments related co itemized deductions 40,000 Regular tax liability 168,488 What is Joses AMT liability for 2019 ...

Regular taxable income 550000 AMT preferences 70000 AMT adjus ...

Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following

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Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following items in 2019:

Taxable income	$550,000
Tax preferences	70,000
AMT adjustments related co itemized deductions	40,000
Regular tax liability	168,488

What is Jose’s AMT liability for 2019?

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Federal Taxation 2020 Comprehensive

ISBN: 9780135196274

33rd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse

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Question Posted: Jul 02, 2020 01:27 AM

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Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following

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Federal Taxation 2020 Comprehensive

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