Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2019. They incurred positive

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Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2019. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The couple itemizes their deductions.

a. Compute the Patels’ AMTI for 2019.

b. Compute their tentative minimum tax for 2019.

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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357109175

23rd Edition

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

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Question Posted: Dec 30, 2019 06:12 AM

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Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2019. They incurred positive

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a Taxable income 1008000 Plus Positive AMT adjustments 75000 P...View the full answer

South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

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