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In 2020, Sven is single and has $134,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,700, state income

In 2020, Sven is single and has $134,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,700, state income tax of $4,700, and mortgage interest expense of $18,500 (acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $1,900.

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

Description Amount
Depreciation adjustment
Mortgage interest expense
Personal exemption
Real property taxes
Regular taxable income
State income taxes
Tax preparation fees
AMTI $

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