Question: tax accounting Problem 12-24 (LO. 2, 3, 4, 5) Use the following data to calculate Chiara's AMT base in 2021: Taxable income $248,000 73,000 Positive

tax accounting

Problem 12-24 (LO. 2, 3, 4, 5) Use the following data to calculate Chiara's AMT base in 2021: Taxable income $248,000 73,000 Positive AMT adjustments Negative AMT adjustments AMT preferences 25,000 30,000 Chiara will file as a single taxpayer and chooses to itemize her deductions. Click here to access the exemption table. Chiara's taxable income $248,000 Plus or minus: Positive adjustments Negative adjustments Plus: AMT preferences Equals: AMTI Less: AMT exemption Equals: AMT base

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