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is not reviewable by any other court, and this opinion should not
be cited as authority.
Respondent determined a deficiency in petitioners’ Federal
income tax for the taxable year 2002 of $2,747. The deficiency
is attributable solely to the alternative minimum tax (AMT)
prescribed by section 55.
The only issue for decision is whether petitioners are
liable for the AMT as determined by respondent in the notice of
deficiency. We hold that they are.
Background
The parties submitted this case fully stipulated pursuant to
Rule 122, and the stipulated facts are so found.
At the time that the petition was filed, petitioners resided
in Buena Park, California.
Petitioners timely filed a joint Form 1040, U.S. Individual
Income Tax Return, for 2002. On their return, petitioners
claimed two exemptions for themselves, which served to decrease
their taxable income by $6,000. In addition, petitioners
itemized their deductions on Schedule A, Itemized Deductions, for
the following expenses: (1) Medical and dental expenses (in
excess of 7.5 percent of petitioners’ adjusted gross income) of
$1,079; (2) State and local income taxes of $603; (3) charitable
contributions of $200; and (4) miscellaneous deductions (in
excess of 2 percent of petitioners’ adjusted gross income) of
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