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 2016:
Taxable income.....................................................................$160,000
Tax preferences.........................................................................10,000
AMT adjustments related to itemized deductions................30,000
Regular tax liability...................................................................37,837
What is Jose’s AMT liability for 2016?
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Related Book For
Federal Taxation 2017 Individuals
ISBN: 9780134420868
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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