Kenny is single, age 30 with 2020 taxable income of $375,000 and AGI of $400,000. He took the standard deduction in 2020. Kenny's income included $150,000 of municipal interest. He invested the cash from a loan, paying $10,000 of interest expense on those funds. 15% of his municipal bonds are private activity bonds. He also gets depletion deductions from a pass-through. His basis was $75,000 on 1/1/20 and $20,000 on 12/31/20. His total percentage depletion deduction is $55,000. What is Kenny's AMTI?

	a.	$408,400
	b.	$434,900
	c.	None of these
	d.	$444,900
	e.	$409,900