35. LO.7 Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2021. They

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35. LO.7 Renee and Sanjeev Patel, who are married, reported taxable income of

$1,008,000 for 2021. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The couple itemizes their deductions.

a. Compute the Patels’ AMTI for 2021.

b. Compute their tentative minimum tax for 2021.

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Essentials Of Taxation Individuals And Business Entities

ISBN: 233160

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Authors: Nellen/Young/Raabe/Maloney

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Question Posted: Jul 18, 2024 07:10 AM

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35. LO.7 Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2021. They

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Essentials Of Taxation Individuals And Business Entities

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