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TOBIAS WEISS AND GERTRUDE O. WEISS, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

Docket No. 3521-07. Filed December 26, 2007.

Held, qualified dividends are properly included in the calculation of alternative minimum tax.

Tobias Weiss, for petitioners.

Frank W. Louis, for respondent.

OPINION

THORNTON, Judge: The sole issue for decision in this case is whether petitioners properly excluded qualified dividends in calculating their 2005 alternative minimum taxable income.

Background

The parties have stipulated all the relevant facts, which we incorporate herein by this reference. When they petitioned the Court, petitioners resided in Connecticut.

On line 9b of their 2005 Form 1040, U.S. Individual Income Tax Return, petitioners reported $24,376 of qualified dividends.1 They ...

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