LO.7 Grayson, who is single with no dependents and does not itemize, provides you with the following information for 2010.

Short-term capital loss $ 4,000 Long-term capital gain 19,000 Municipal bond interest received on private activity bonds acquired in 1996 17,000 Dividends from IBM 6,500 Excess of FMV over cost for incentive stock options (the rights became freely transferable and not subject to a substantial risk of forfeiture in 2010) 40,000 Charitable contributions 10,000 Qualified residence interest 9,000 What are Grayson’s tax preference items and AMT adjustments for 2010?