Question: In 2009, Karen Miller had an alternative minimum tax liability of $20,000. This was the first year that she paid an alternative minimum tax. When
In 2009, Karen Miller had an alternative minimum tax liability of $20,000. This was the first year that she paid an alternative minimum tax. When she recomputed her 2009 alternative minimum tax using only exclusion preferences and adjustments, her alternative minimum tax was $9,000.
For 2010, Karen had a regular tax liability of $50,000 and a tentative minimum tax of $45,000. What is the amount of 880 MODULE 35 INDIVIDUAL TAXATION Karen’s unused minimum tax credit from 2010 that will carry over to 2011?
a. $0
b. $4,000
c. $5,000
d. $6,000
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