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Required information [The following information applies to the questions displayed below) In 2019, Sven is single and has $120,000 of regular taxable income. He itemizes

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Required information [The following information applies to the questions displayed below) In 2019, Sven is single and has $120,000 of regular taxable income. He itemizes his deductions as follows: real property tax of $2,000, state income tax of $4,000, and mortgage interest expense of $15,000 (acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $500. a. What is Sven's alternative minimum taxable income (AMTI)? Description Amount AMTI

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