AreaVicki owns and operates a baby food manufacturing business (as a sole proprietorship). During 2023, she incurred expenses of 240,000 in research and experimental expenditures. For regular tax purposes, she amortized those costs over the required 5-year period. Vicki materially participates in the manufacturing business. What AMT adjustment, if any, will be required in 2023 and 2024 as a result of the research and experimental costs?

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For Alternative Minimum Tax AMT purposes research and experimental expenditures ... View the full answer