Jerry, who is single with no dependents and does not itemize, provides you with the following information for the tax year.
|
Short term capital loss |
$ 7,000 |
|
Long term capital gain |
25,000 |
|
Municipal bond interest received on 2004 private activity |
|
|
bonds |
9,000 |
|
Dividends from U.S. corporations |
2,300 |
|
Excess of FMV over cost of ISOs (the rights became freely |
|
|
transferable and not subject to a substantial risk of |
|
|
forfeiture this year) |
35,000 |
What is the total amount of Jerry’s tax preference items and AMT adjustments?