Elijah is single. He holds a $12,000 AMT credit from 2015. In 2016, his regular tax liability
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Does Elijah owe AMT in 2016? How much (if any) of the AMT credit can Elijah use in 2016?
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4000 of the credit can be used in 2016 An AMT credit can only be used to offset regular ta...View the full answer
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Related Book For
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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