Compute what is josephus amt liability

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Reference no: EM132807782

Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $1,200,000 and reports the following items in 2019:

Taxable income $ 700,000
Tax preferences 40,000
AMT Adjustments related to itemized deductions 30,000
Regular tax liability $ 150,000

Problem 1: What is Josephus's AMT liability for 2019?

Reference no: EM132807782

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