In 2024, Deon and NeNe are married filing jointly. Deon and NeNe’s taxable income is $1,390,000 (all ordinary), and they itemize their deductions as
In 2024, Deon and NeNe are married filing jointly. Deon and NeNe’s taxable income is $1,390,000 (all ordinary), and they itemize their deductions as follows: real property taxes of $10,000, charitable contributions of $30,000, and mortgage interest expense of $40,000 ($700,000 acquisition debt for home). What is Deon and NeNe’s AMT? Complete Form 6251 for Deon and NeNe.