Question: When determining his alternative minimum tax, Edward had the following adjustments and preference items: Itemized deduction for state taxes $1,800 Refund of prior year state

When determining his alternative minimum tax, Edward had the following adjustments and preference items:

Itemized deduction for state taxes

$1,800

Refund of prior year state income tax

300

Cash contributions

800

Capital gain

700

Depletion in excess of adjusted basis

700

What are the amounts of tax preference items and adjustments to taxable income for alternative minimum tax purposes on Edwards 2019 tax return?

Preference

Adjustments

$1,400

$1,500

$700

$0

$1,400

$2,300

$700

$1,500

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