Question
Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the
Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8-5. (Leave no answer blank. Enter zero if applicable.) a. Her AMTI is $398,250. Amount of AMT exemption b. Her AMTI is $1,152,000. Amount of AMT exemption . Her AMTI is $3,800,000. Amount of AMT exemption EXHIBIT 8-5 2019 AMT Exemptions Phase-Out Complete Exemption Phase-Out Begins at This Level of AMTI Filing Status for This Level of AMTI Married filing jointly Married filing separately $111,700 $1,020,600 $1,467,400 55,850 510,300 733,700 Head of household and single 71,700 510,300 797,100
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Essentials Of Federal Taxation 2019
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
10th Edition
1260189988, 1260189678, 9781260189674, 978-1259917103, 125991710X, 978-1260190045
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