Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following
Question:
Jose, an unmarried taxpayer filing single with no dependents, has AGI of $600,000 and reports the following items in 2022:
What is Jose’s AMT liability for 2022?
Transcribed Image Text:
Taxable income Tax preferences AMT adjustments related to itemized deductions Regular tax liability $550,000 70,000 40,000 166,455
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Related Book For
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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