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Grace, an unmarried taxpayer without dependents, has a $100,000 salary, $50,000 short-term capital gains, and $50,000 private activity municipal bond interest income from The City
Grace, an unmarried taxpayer without dependents, has a $100,000 salary, $50,000 short-term capital gains, and $50,000 private activity municipal bond interest income from The City of Bloomington. Grace's itemize deductions are $10,000. Calculate Grace's alternative minimum tax (AMT), if any, for 2021 excluding net investment income tax.
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