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Use the following data to calculate Chiara's AMT base in 2017: Taxable income $148,000 Positive AMT adjustments 73,000 Negative AMT adjustments 55,000 Preferences 30,000 Chiara
Use the following data to calculate Chiara's AMT base in 2017:
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Chiara will file as a single taxpayer and chooses to itemize her deductions. The personal/dependency exemption amount is $4,050.
Click here to access the exemption table. Do not round computations but round your final amounts to the nearest dollar.
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