Use the following data to calculate Chiara's AMT base in 2016: Taxable income .........................................$148,000 Positive AMT adjustments.............................73,000
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Use the following data to calculate Chiara's AMT base in 2016:
Taxable income .........................................$148,000
Positive AMT adjustments.............................73,000
Negative AMT adjustments...........................55,000
Preferences..................................................30,000
Chiara will file as a single taxpayer and chooses to itemize her deductions. The personal/dependency exemption amount is $4,050.
Related Book For
South-Western Federal Taxation 2019 Essentials of Taxation Individuals and Business Entities
ISBN: 9781337702966
22nd edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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