So in 2018, the US has new tax laws with much higher standard deduction. How does this work with AMT income calculation. That's typically done by using the regular income and adding in certain deductions (property tax, state income tax, etc.).
What happens if I don't itemize but just take the standard deduction. I can't add back any itemized deductions, since I don't itemize. Let's say I have $150000 in federal income, $6000 in state tax, $5000 in property tax and $4000 in charitable donations. Since this is less than $24000, I would simply take the standard deduction and the individual amounts don't show up anywhere on the tax form.
How would the AMT income be calculated in this example?