Lisa holds 2015 nonrefundable Federal income tax credits of $65,000. Her regular income tax liability before credits
Question:
Lisa holds 2015 nonrefundable Federal income tax credits of $65,000. Her regular income tax liability before credits is $190,000, and her tentative minimum tax is $150,000.
a. What is the amount of Lisa's AMT?
b. What is the amount of Lisa's regular income tax liability after credits?
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a Lisas AMT is 0 TMT 150000 Less Regular income tax liabi...View the full answer
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Related Book For
South Western Federal Taxation 2016 Comprehensive
ISBN: 9781305395114
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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