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Rosita Flores, who is single and age 56, had financial information for 2018 as follows: Taxable income (prior to the standard deduction), $540,000. Positive AMT

Rosita Flores, who is single and age 56, had financial information for 2018 as follows:

  • Taxable income (prior to the standard deduction), $540,000.
  • Positive AMT adjustments, $60,000.
  • AMT preferences, $30,000.
  • Negative AMT adjustments, $10,000.
  • State income taxes, $8,000.
  • Real estate taxes, $7,500.
  • Home mortgage (80% for qualified housing), $25,000.
  • Investment interest, $2,500.
  • Contributions (cash), $7,500.

Compute Rositas AMT base for 2018.

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