Jerry, who is single with no dependents and does not itemize, provides you with the following information
Question:
Short-term capital loss ............................................................................. $ 7,000
Long-term capital gain ............................................................................. 25,000
Municipal bond interest received on 2004 private activity bonds ............................. 9,000
Dividends from U.S. corporations ................................................................. 2,300
Excess of FMV over exercise price of ISOs (no restrictions apply to the stock) .......... 35,000
What is the total amount of Jerry's AMT preference and adjustments?
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Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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