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Required information (The following information applies to the questions displayed below.) Olga is married and files a joint tax return with her husband. What amount
Required information (The following information applies to the questions displayed below.) 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 $398,500. Amount of AMT exemption $ 111,700 Required information [The following information applies to the questions displayed below.] 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.) b. Her AMTI is $1,111,000. Amount of AMT exemption ! Required information [The following information applies to the questions displayed below.] 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.) c. Her AMTI is $3,600,000. Amount of AMT exemption EXHIBIT 8-5 2019 AMT Exemptions Filing Status Exemption Phase-Out Begins at This Level of AMTI Phase-Out Complete for This Level of AMTI $111,700 Married filing jointly Married filing separately Head of household and single $1,020,600 510,300 $1,467,400 733,700 55,850 71,700 510,300 797,100
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