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Question - Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they have AGI of $102,000. They have excess depreciation on real estate of $61,200, which must be added back to AGI to arrive at AMTI. The amount of their mortgage interest expense for the year was $20,400, and they made charitable contributions of $10,200. They have no other itemized deductions. If Otto and Monica's taxable income for the current year is $71,400, determine the amount of their AMTI.
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