Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid
Question:
Sylvester files as a single taxpayer during 2019.
He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,000, real estate taxes of $1,000, state income taxes of $4,000, and mortgage interest of $2,000 on $30,000 of acquisition indebtedness on his home. Sylvester’s regular taxable income is $100,000. What is Sylvester’s AMTI?
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To calculate Sylvesters Alternative Minimum Taxable Income AMTI we need to adjust his regu...View the full answer
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Related Book For 
McGraw Hills Essentials Of Federal Taxation 2020 Edition
ISBN: 9781260433128
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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