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In 2021, Nadia is single and has $138,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $3,400, state income

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In 2021, Nadia is single and has $138,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $3,400, state income taxes of $3,900, and mortgage interest expense of $19,500 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $4,800 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 $1,250 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 $19,750 of itemized deductions last year and did not owe any AMT last year? Description Amount AMTI $ b-1. What is Nadia's AMTI this year if she deducted the standard deduction last year and did not owe any AMT last year? Description Amount AMTI 0 In 2021, Nadia is single and has $138,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $3,400, state income taxes of $3,900, and mortgage interest expense of $19,500 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $4,800 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 $1,250 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 $19,750 of itemized deductions last year and did not owe any AMT last year? Description Amount AMTI $ b-1. What is Nadia's AMTI this year if she deducted the standard deduction last year and did not owe any AMT last year? Description Amount AMTI 0

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