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Abigail, Who Is Single, Reported Taxable Income of $115,000 for 2017

Question 55

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Abigail, who is single, reported taxable income of $115,000 for 2017. She incurred positive AMT adjustments of $30,000, negative AMT adjustments of $12,000, and tax preference items of $50,000. Abigail itemizes deductions.

a.Compute Abigail's AMTI.
a. Compute Abigail's tentative minimum tax (TMT).
b.Assume the same facts as in part

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