Question

For many years, Saul's sole proprietorship and his related Form 1040 have had a number of AMT tax preferences and AMT adjustments. He has made the AMT calculation each year, but the calculated amount always has been $0. Saul's regular taxable income and the AMT adjustments and preferences for 2014 are the same as for last year. Yet, he must pay AMT this year. Explain how this could happen.


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  • CreatedMay 25, 2015
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