James is married with two children. He files returns jointly with his wife and has AGI of $405,000. He also has the following AMT adjustments and preferences:

a. Itemized deductions:

Itemized Deduction	Regular Tax	AMT Deduction	AMT Adjustment
Medical after floor	$ 5,375
Taxes	34,354
Mortgage interest	14,900
Charitable contributions	18,000

b. Depreciation of a rental property purchased in August 2009 for $210,000.

c. Depreciation on personal property:

Asset	Date Purchased	Cost	MACRS Life/AMT	MACRS Depreciation	AMT Depreciation	Adjustment
Computer 1	02/12/16	$ 2,900
Furniture 1	02/12/16	12,000

d. Incentive stock option: Nathan exercises options to purchase 3,000 shares at $19 per share when the market value is $26.

Prepare Form 6251 for the calculation of AMT. The regular tax is $76,183. Use the appropriate depreciation tables (6A-1, 6A-2, 6A-3, 6A-4, 6A-5, 6A-6, 6A-7, 6A-8, 13A-1 and 13A-2)