Dylan is a single taxpayer with $600,000 of taxable income, which results in a regular tax liability
Question:
Dylan is a single taxpayer with $600,000 of taxable income, which results in a regular tax liability of $186,988 in 2019. Dylan is extremely cautious about being subject to AMT and wants to know how much AMT preferences or adjustments she can afford without being subject to AMT.
a. Compute the amount of preference and adjustments it would take for Dylan to have an AMT.
b. Comment on why it takes so many adjustments for Dylan to enter ANAT.
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Step by Step Answer:
a Dylan can incur approximately 104810 of AMT preferences and ...View the full answer
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Related Book For 
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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