Question: Because of a timing difference, relating to Alternative Minimum Tax, Nick has a $15,000 Alternative Minimum Tax Credit. How can the $15,000 Alternative Minimum Tax
Because of a timing difference, relating to Alternative Minimum Tax, Nick has a $15,000 Alternative Minimum Tax Credit. How can the $15,000 Alternative Minimum Tax Credit be used on his Federal Income Tax Return? Group of answer choices A. The Alternative Minimum Tax Credit can be used to offset future regular tax liability. B. The Alternative Minimum Tax Credit can be carried backwards to offset Alternative Minimum Tax in previous tax years. C. The Alternative Minimum Tax Credit can be used to offset future Alternative Minimum Tax D. The Alternative Minimum Tax Credit is refundable and can be used to get a refund check in future years, even if the Nick has no tax liability
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