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Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $16,600, real estate taxes of
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $16,600, real estate taxes of $3,300, state income taxes of $6,350, and mortgage interest of $4,800 on $31,650 of acquisition indebtedness on his home. Sylvesters regular taxable income is $163,000. What is Sylvesters AMTI?
In addition where/how do I find the personal exemption.
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