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Jose, a single taxpayer, has the following tax information for the current year. Charitable contribution of real property with a FMV of $30,000 (adjusted basis
Jose, a single taxpayer, has the following tax information for the current year. Charitable contribution of real property with a FMV of $30,000 (adjusted basis $20,000) for which a $30,000 deduction was taken for regular tax. Research and experimental expenses of $50,000 deducted in full for regular tax. Joses total tax preferences and adjustments equals is?
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