Required information

Skip to question

[The following information applies to the questions displayed below.] In 2021, Nadia is single and has $100,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $1,000 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer. Finally, she received a state tax refund of $300 from the prior year. (Amounts to be deducted should be indicated by a minus sign.)

a-1. What is Nadia's AMTI this year if she deducted $15,000 of itemized deductions last year and did not owe any AMT last year?

Description	Amount
Interest from private activity bond selected answer correct	not attempted
Real estate taxes selected answer correct	not attempted
Regular taxable income selected answer correct	not attempted
State tax refund selected answer correct	not attempted
State income taxes selected answer correct	not attempted
State tax refund selected answer incorrect	not attempted
Mortgage interest expense selected answer incorrect	not attempted
AMTI	$0