Pineview Company, a single member LLC, placed a $5,000 asset that is ineligible for full expensing in

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Pineview Company, a single member LLC, placed a $5,000 asset that is ineligible for full expensing in service on June 1, 2018. The asset has a three-year MACRS class life; no bonus depreciation was taken on this asset. Complete the table below by providing the AMT adjustment, and indicate whether the adjustment increases or decreases taxable income.

Year Tax Deduction $1,667 2,222 AMT Deduction AMT Adjustment Increases or Decreases | 2018 2019 | 2020 | 2021 $1,250 1,8

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South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337702966

22nd Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Jun 15, 2019 09:13 AM

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Pineview Company, a single member LLC, placed a $5,000 asset that is ineligible for full expensing in

Question:

Year Tax Deduction $1,667 2,222 AMT Deduction AMT Adjustment Increases or Decreases | 2018 2019 | 2020 | 2021 $1,250 1,875 1,250 625 740 371

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For property placed into service after 1998 an AMT adjust...View the full answer

South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities

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