Sylvester files as a single taxpayer during 2020. He itemizes deductions for regular tax purposes. He paid
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Sylvester files as a single taxpayer during 2020. 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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Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
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