56. In 2019, Sven is single and has $120,000 of regular taxable income. He itemizes his deductions...
Question:
56. In 2019, Sven is single and has $120,000 of regular taxable income. He itemizes his deductions as follows: real property tax of
$2,000, state income tax of $4,000, and mortgage interest expense of $15,000
(acquisition debt of $300,000). He also has a positive AMT depreciation adjustment of $500.
What is Sven’s alternative minimum taxable income (AMTI)? Complete Form 6251 (through line 4) for Sven.
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Related Book For 
Taxation Of Individuals And Business Entities 2020
ISBN: 9781259969614
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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