Question
Sylvester files as a single taxpayer during 2018. He itemizes deductions for regular tax purposes. He paid charitable contributions of $11,200, real estate taxes of
Sylvester files as a single taxpayer during 2018. He itemizes deductions for regular tax purposes. He paid charitable contributions of $11,200, real estate taxes of $500, state income taxes of $5,100, and mortgage interest of $4,200 on $30,300 of acquisition indebtedness on his home. Sylvesters regular taxable income is $199,000. What is Sylvesters AMTI?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
