Problem 17-35 (LO. 7) Renee and Sanjeev Patel, who are married, reported taxable income of $1,500,000 for 2023. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The Patels itemize their deductions. Click here to access the exemption table. a. Compute the Patels' alternative minimum taxable income (AMTI) for 2023. Taxable income Equals: AMTI b. Compute the Patel's tentative minimum tax. Computation of AMT Base and Tax AMT AMT exemption AMT base positive AMT adjustments AMT preference items TMT 0000

Renee and Sanjeev Patel, who are married, reported taxable income of $1,500,000 for 2023. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The Patels itemize their deductions. Cilck here to access the exemption table. a. Compute the Patels' alternative minimum taxable income (AMTI) for 2023. b. Compute the Patel's tentative minimum tax