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In 2022. Nadia is single and has $122,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $2,600, state
In 2022. Nadia is single and has $122,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $2,600, state income taxes of $3,100, and mortgage interest expense of $15,500 (acquisition Indebtedness of $200,000). In addition, she receives tax-exempt Interest of $3,200 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 $850 from the prior year. Note: Amounts to be deducted should be indicated by a minus sign. Problem 8-55 Part a-1 (Algo) a-1. What is Nadia's AMTI this year if she deducted $17,750 of itemized deductions last year (including a total of $4,000 of real property taxes and state income taxes) and did not owe any AMT last year? Description Regular taxable income AMTI S Amount
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