In 2017, Sven is single and has $120,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,000, state income tax of $4,000, mortgage interest expense of $15,000 (not a home-equity loan). He also paid $2,000 in tax preparation fees and has a positive AMT depreciation adjustment of $500.

a. What is Svens alternative minimum taxable income (AMTI)? (1)

(2)

(3)

(4)

(5)

(6)

(7)

AMTI