AMT depreciation of personal property is calculated using which method? a-straight line method b-150% declining balance method c-200% declining balance method d-sum of the years digits method cal reported the following itemized deductions on his 2011 tax return his AGI for 2011 was 85,000 the mortgage interest is all qualified mortgage interest to purchase his personal residence for AMT compute his total itemized deductions. Medical expenses (after the 7.5% of AGI floor) 8,000 State income taxes 5,100 Home mortgage interest 13,500 Charitable contributions 4,200 Miscellaneous itemized deductions (after the 2% of AGI floor) a-0 b-17,700 c-23,575 d-33,600 after computing all tax preferences and AMT adjustments adam and his wife cindy have AMTI of 290,000 if adam and cindy file a joint tax return what exemption amount can they claim for AMT for 2011 a-0 b-39,450 c-46,700 d-74,450