Bonnie, who is single, reports a zero taxable income this year. Bonnie itemizes her deductions and takes

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Bonnie, who is single, reports a zero taxable income this year. Bonnie itemizes her deductions and takes the personal exemption. She reports positive AMT timing adjustments of $200,000 and other AMT positive adjustments of $100,000 for the year. What is Bonnie’s AMT credit that will carry over to next year?

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South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

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

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