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Sylvester files as a single taxpayer during 2018. He itemizes deductions for regular tax purposes. He...

Sylvester files as a single taxpayer during 2018. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,100, real estate taxes of $1,700, state income taxes of $5,500, and mortgage interest of $1,700 on $31,200 of acquisition indebtedness on his home. Sylvester’s regular taxable income is $195,000.


What is Sylvester’s AMTI?

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Answer #1
Particulars Amount
Taxable income 195,000
Add:
Real estate taxes        1,700
State income tax        5,500
AMTI 202,200
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