The following information applies to the questions displayed below. In 2020, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income is $1,090,000, and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ($700,000 acquisition debt for home). Use Exhibit 8.5 and Tax Rate Schedule for reference. a. What is Deon and NeNe's AMT? Doon and NoNO'S AM ces Required information [The following information applies to the questions displayed below) In 2020, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income is $1,090,000, and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ($700,000 acquisition debt for home). Use Exhibit 8.5 and Tax Rate Schedule for reference. Download the Tax Form and enter the required values in the appropriate fields. Please right click on the attached Adobe document and select open in new window. Then, download the Tax Form and enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save." Use 2020 tex rules regardless of year on tax form. 6251 Altomative Minimum Tax Individuals 1945- 2019 Parti Allahve Mancome Sections for how to come bachine 1 the amount om 100 x 1000-Rm 11 more than om 1010 1045R, 11, lesbid 10 of Form 1640 or 101-SR om in of Form 1010 1010-SR and another than sangat Ming Sched A from 1000 1040- Setom Share otherwise the amount om Form 1040 1000 SR na Band from Schrom 1040 1040- Sorin man interesse betwee tax and AMT Depletion failerence between regular bax and AMT M Netoperating deduction from Schedule 1 1040 1040-S, Trender as a postanut Alamative and parating for deduction W . Word from specified prvih Donds and from the regulator 2 construction Barceria com com AMT con regular tax com ! is and would trom Bradule From 10. bes 18, code A I Docation or aced in serie le 19 ce between regulate and T. - Pites erence between stad teguw we recome are Im ottir AMT and more on concebad AMT Lang med at come and AMIT) red AMD y 1.77 Og income 4 Alamative minimum income. Combinert med nyde 4 Part II Alternative Mim TAMU 8 mon you were der Fyring THEN BCAA- you fost o E 6251 Alterative Minimum Tax-Individuals GMB No 1545-0014 Form 2019 Degrert of the Treasury Go to www.in.gov/Form&251 for instructions and the latest Information Womer Service Attach to Form 1040, 1040-5R, 1040-NR. Aachen Sequence No 32 Nam shown on Form 1040, 1040-Stor 1040-NR Your security numb Partl Alternative Minimum Taxable income See Instructions for how to complete each line.) 1 Enter the amount from Form 1040 or 1040-SR, line 11b, If more than zero. If Form 1040 or 1040-SR, Ine 11b, is zero, subtract lines 9 and 10 of Form 1040 or 1040-SR from Ine Bb of Form 1040 or 1040-SR and enter the result here if less than zero, enter as a negative amount 2a fling Schedule A Form 1040 or 1040-SR enter the taxes from Schedule A line 7; otherwise, enter the amount from Form 1040 1040-SR, ina 9 2a b Tax refund from Schedule 1 Form 1040 or 1040-SR), line 1 or line 8 2b e Investment interest expense difference between regular tax and AMT) 20 d Depletion difference between regular tax and AMT) 2d e Net operating loss deduction from Schedule 1 Form 1040 1040-SRI.line. Enter as a positive amount 2e Alternative tax net operating loss deduction 28 Interest from specified private activity bonds exempt from the regular tax 29 h Qualified small business stock, soe instructions 2h EXO incentivestock options (excess of ALancome regular tax income 1 Estates and trusts amount from Schedule K 1 (Form 1041) box 12, code Disposition of proference between AMT and regular tak gain or loss 1 Depreciation des placed in Service after 1986 Gence between regular and AMT. acties foronce between AMT and regular tax income or los Ons difference between AMTS an 0 Circulation concebewoon regular tax and AMER 20 Long term contracts difference between AMT and regular com Mining costs difference between regular and AM Feehand experimental cost once between regular tax and AMT) income Mom certain it before January 11 + intangible de preference adustments including income-based related adjustments Alternative minimum taxable income. Combines hot mamed in separately and line dis Trang Tr | | | | Part 11 Alternative Minimum Tax AMT Exemption you were the 2018 cons IF your fing status in AND line 4. Over THEN er online r + 55 over the show about action from anterior and 5 7 Sunt tangon 2006 corto cart Hoa at - Alones The following information applies to the questions displayed below. In 2020, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income is $1,090,000, and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ($700,000 acquisition debt for home). Use Exhibit 8.5 and Tax Rate Schedule for reference. a. What is Deon and NeNe's AMT? Doon and NoNO'S AM ces Required information [The following information applies to the questions displayed below) In 2020, Deon and NeNe are married filing jointly. Deon and NeNe's taxable income is $1,090,000, and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ($700,000 acquisition debt for home). Use Exhibit 8.5 and Tax Rate Schedule for reference. Download the Tax Form and enter the required values in the appropriate fields. Please right click on the attached Adobe document and select open in new window. Then, download the Tax Form and enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save." Use 2020 tex rules regardless of year on tax form. 6251 Altomative Minimum Tax Individuals 1945- 2019 Parti Allahve Mancome Sections for how to come bachine 1 the amount om 100 x 1000-Rm 11 more than om 1010 1045R, 11, lesbid 10 of Form 1640 or 101-SR om in of Form 1010 1010-SR and another than sangat Ming Sched A from 1000 1040- Setom Share otherwise the amount om Form 1040 1000 SR na Band from Schrom 1040 1040- Sorin man interesse betwee tax and AMT Depletion failerence between regular bax and AMT M Netoperating deduction from Schedule 1 1040 1040-S, Trender as a postanut Alamative and parating for deduction W . Word from specified prvih Donds and from the regulator 2 construction Barceria com com AMT con regular tax com ! is and would trom Bradule From 10. bes 18, code A I Docation or aced in serie le 19 ce between regulate and T. - Pites erence between stad teguw we recome are Im ottir AMT and more on concebad AMT Lang med at come and AMIT) red AMD y 1.77 Og income 4 Alamative minimum income. Combinert med nyde 4 Part II Alternative Mim TAMU 8 mon you were der Fyring THEN BCAA- you fost o E 6251 Alterative Minimum Tax-Individuals GMB No 1545-0014 Form 2019 Degrert of the Treasury Go to www.in.gov/Form&251 for instructions and the latest Information Womer Service Attach to Form 1040, 1040-5R, 1040-NR. Aachen Sequence No 32 Nam shown on Form 1040, 1040-Stor 1040-NR Your security numb Partl Alternative Minimum Taxable income See Instructions for how to complete each line.) 1 Enter the amount from Form 1040 or 1040-SR, line 11b, If more than zero. If Form 1040 or 1040-SR, Ine 11b, is zero, subtract lines 9 and 10 of Form 1040 or 1040-SR from Ine Bb of Form 1040 or 1040-SR and enter the result here if less than zero, enter as a negative amount 2a fling Schedule A Form 1040 or 1040-SR enter the taxes from Schedule A line 7; otherwise, enter the amount from Form 1040 1040-SR, ina 9 2a b Tax refund from Schedule 1 Form 1040 or 1040-SR), line 1 or line 8 2b e Investment interest expense difference between regular tax and AMT) 20 d Depletion difference between regular tax and AMT) 2d e Net operating loss deduction from Schedule 1 Form 1040 1040-SRI.line. Enter as a positive amount 2e Alternative tax net operating loss deduction 28 Interest from specified private activity bonds exempt from the regular tax 29 h Qualified small business stock, soe instructions 2h EXO incentivestock options (excess of ALancome regular tax income 1 Estates and trusts amount from Schedule K 1 (Form 1041) box 12, code Disposition of proference between AMT and regular tak gain or loss 1 Depreciation des placed in Service after 1986 Gence between regular and AMT. acties foronce between AMT and regular tax income or los Ons difference between AMTS an 0 Circulation concebewoon regular tax and AMER 20 Long term contracts difference between AMT and regular com Mining costs difference between regular and AM Feehand experimental cost once between regular tax and AMT) income Mom certain it before January 11 + intangible de preference adustments including income-based related adjustments Alternative minimum taxable income. Combines hot mamed in separately and line dis Trang Tr | | | | Part 11 Alternative Minimum Tax AMT Exemption you were the 2018 cons IF your fing status in AND line 4. Over THEN er online r + 55 over the show about action from anterior and 5 7 Sunt tangon 2006 corto cart Hoa at - Alones