Question
Sylvester files as a single taxpayer during 2018. He itemizes deductions for regular tax purposes. He paid charitable contributions of $15,000, real estate taxes of
Sylvester files as a single taxpayer during 2018. He itemizes deductions for regular tax purposes. He paid charitable contributions of $15,000, real estate taxes of $1,900, state income taxes of $4,250, and mortgage interest of $3,000 on $33,300 of acquisition indebtedness on his home. Sylvesters regular taxable income is $166,000. What is Sylvesters AMTI?
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Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
