Question: In 2 0 2 4 , Nadia is single and has $ 1 0 6 , 0 0 0 of regular taxable income. She itemizes
In Nadia is single and has $ of regular taxable income. She itemizes her deductions as follows: real property taxes of $ state income taxes of $ and mortgage interest expense of $acquisition indebtedness of $ In addition, she receives taxexempt interest of $ from a municipal bond issued in that was used to fund a new business building for a formerly outofstate employer. Finally, she received a state tax refund of $ from the prior year.
Note: Amounts to be deducted should be indicated by a minus sign.
a What is Nadia's AMTI this year if she deducted $ of itemized deductions last year including a total of $ of real property taxes and state income taxes and did not owe any AMT last year?
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