In 1998, Desiree purchased an office building for $500,000 to be used in her business. She sells

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In 1998, Desiree purchased an office building for $500,000 to be used in her business. She sells the building in the current tax year. Explain why her recognized gain or loss for regular income tax purposes is different from her recognized gain or loss for AMT purposes.
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South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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