Question: At- risk/ passive activity loss rules and the individual alternative minimum 13 Exam i Saved Help Save & Exit Submit Jonathan is married, files a

At- risk/ passive activity loss rules and the individual alternative minimum

13 Exam i Saved Help Save & Exit Submit Jonathan is married, files a joint return, and has one child. During 2019, Jonathan has $85,000 of taxable income. He has $20,000 of positive AMT adjustments and $28,000 of tax preferences. Since Jonathan rents his home (pays no mortgage interest) and lives in Florida (has no state income tax), he does not itemize his deductions but takes the standard deduction. Calculate Jonathan's AMTI (before exclusion amount). 9:23 Multiple Choice $157.400 O $129,400. O $137,400 O $133,000

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