Question
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,100, real estate taxes of
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,100, real estate taxes of $1,700, state income taxes of $5,500, and mortgage interest of $1,700 on $31,200 of acquisition indebtedness on his home. Sylvesters regular taxable income is $195,000. What is Sylvesters AMTI?
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Financial Accounting
Authors: Alan Melville
2nd Edition
0273634399, 978-0273634393
