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In 2022 , Sven is single and has $154,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $3,700, state
In 2022 , Sven is single and has $154,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $3,700, state income tax of $5,700, and mortgage interest expense of $23,500 (acquisition debt of $300,000 ). He also has a positive AMT depreciation adjustment of $3,900. Problem 8-56 Part a (Algo) a. What is Sven's alternative minimum taxable income (AMTI)
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