Use the following data to calculate Chiara's AMT base in 2018. Taxable income ..................................... $248,000 Positive AMT
Question:
Use the following data to calculate Chiara's AMT base in 2018.
Taxable income ..................................... $248,000
Positive AMT adjustments.................... 73,000
Negative AMT adjustments.................. 25,000
Preferences............................................ 30,000
Chiara will itemize deductions and will file as a single taxpayer.
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Chiaras taxable income 248000 Plus or minus Positiv...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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