In 2021, Nadia is single and has $134,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $3,200, state income taxes of $3,700, and mortgage interest expense of $18,500 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $4,400 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer. Finally, she received a state tax refund of $1,150 from the prior year. (Amounts to be deducted should be indicated by a minus sign.)

a-1. What is Nadia's AMTI this year if she deducted $19,250 of itemized deductions last year and did not owe any AMT last year?

Description

Amount

AMTI

b-1. What is Nadias AMTI this year if she deducted the standard deduction last year and did not owe any AMT last year?

Description	Amount
AMTI