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Alejandro is a married taxpayer, and he files a joint return. His adjusted gross income after deductions in 2022 is $250,000. The deductions that he
Alejandro is a married taxpayer, and he files a joint return. His adjusted gross income after deductions in 2022 is $250,000. The deductions that he needs to add back in for alternative minimum tax (AMT) purposes are $6,000 in state and local taxes and $4,000 in personal property taxes. Based on Alejandros alternative minimum taxable income (AMTI) of $260,000, he is entitled to subtract what amount of the AMT exemption to arrive at his final taxable amount? A. $0 B. $59,050 C. $75,900 D. $118,100
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