Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2018. They incurred positive
Question:
Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2018. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The couple itemizes their deductions.
a. Compute the Patels' AMTI for 2018.
b. Compute their tentative minimum tax for 2018.
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a Taxable income 1008000 Plus Positive AMT adjustments 75000 Plus Preference ...View the full answer
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Related Book For 
South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337702966
22nd Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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