Vic and Wanda are married and file a joint return for the current year. They have no
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Vic and Wanda are married and file a joint return for the current year. They have no dependents and they take the standard deduction. Their taxable income is $800,000 (including their standard deduction). They have $200,000 of AMT preference items and $60,000 of AMT positive adjustments (other than the standard deduction). Determine the couple’s tentative AMT and their AMT liability.
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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