Chapter 12, Problem 52P

Lynn, age 45, is single and has no dependents. Her income and expenses for 2019 are reported as follows.

The $64,000 business income is from Apex Office Supplies Company, a sole proprietorship that Lynn owns and operates. Apex claimed MACRS depreciation of $3,175 on personal property used in the business and placed in service in the current year. Lynn received interest of $30,000 on City of Pensacola private activity bonds that were issued in 2013.

Based on the information presented above, compute Lynn’s AMT for 2019.