Suzanne,a single taxpayer,has the following tax information for the current year. • Charitable contribution of real property with a FMV of $25,000 (adjusted basis $20,000)for which a $25,000 deduction was taken.
• Research and experimental expenses of $40,000 deducted in full for regular tax.
Suzanne's total tax preferences and adjustments equals
A)$5,000.
B)$36,000.
C)$41,000.
D)$45,000.

Question

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The Answer of Suzanne,a single taxpayer,has the following tax information for the current year. • Charitable contribution of real property with a FMV of $25,000 (adjusted basis $20,000)for which a $25,000 deduction was taken.
• Research and experimental expenses of $40,000 deducted in full for regular tax.
Suzanne's total tax preferences and adjustments equals
A)$5,000.
B)$36,000.
C)$41,000.
D)$45,000.

Suzanne,a Single Taxpayer,has the Following Tax Information for the Current