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Compute the Patels AMTI

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Reference no: EM132669537

Problem - Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2019. They incurred positive AMT adjustments of $75,000 and tax preference items of $67,500. The couple itemizes their deductions.

Required -

a. Compute the Patels' AMTI for 2019.

b. Compute their tentative minimum tax for 2019.

Reference no: EM132669537

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