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In 2023, Sven is single and has $132,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,600, state



 

In 2023, Sven is single and has $132,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,600, state income tax of $4,600, and mortgage interest expense of $18,000 (acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $1,700. Problem 8-56 Part a (Algo) a. What is Sven's alternative minimum taxable income (AMTI)? Description Regular taxable income Amount AMTI 0

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