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Randy and Susan Meisner have the following items related to alternative minimum tax: They itemized deductions and has $10,000 listed for tax expenses on schedule
Randy and Susan Meisner have the following items related to alternative minimum tax:
They itemized deductions and has $10,000 listed for tax expenses on schedule A line 7
They have interest from specified private activity bonds of 1,873
They exercised incentive stock options with the excess over regular tax of 43,500
They had excess depreciation on assets placed in service after 1986 of 4,875
Their form 1040 line 11b is 624,473
Their line 12a tax is 142,817.
They reported no capital gains or qualified dividends in 2019
Please complete form 6251.
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