Thanks so based on the tax table wouldn’t my tax then be $38,800 + 32% on the remainder amount over $150,000?
I.e. $234,000 - $150,000 = $84,000*.32 = $26,880
Total = $38,800 + $26,800 = $65,680
Now, do I resubmit form 709 and indicate “amended” for correcting the tax amount?
