Problem NO: 9

} In 2024, Nadia is single and has $100,000 of regular taxable income.  She itemizes her deductions as follows: real property taxes of $1,500, state i

} In 2024, Nadia is single and has $100,000 of regular taxable income.  She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition debt of $200,000).  In addition, she receives tax-exempt interest of $1,000 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer. Finally, she received a state tax refund of $300 from the prior year.  

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a. What is Nadia’s AMTI this year if she deducted $15,000 of itemized deductions last year (including a total of $4,000 of real property taxes and state income taxes) and did not owe any AMT last year? Complete Form 6251 (through line 4) for Nadia.

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