Come Along Travels is a general partnership with the following depreciation information; book deprecation $ 15,125 (straight
Fantastic news! We've Found the answer you've been seeking!
Question:
Come Along Travels is a general partnership with the following depreciation information; book deprecation $ 15,125 (straight line), tax deprecation tax depreciation $17,465 (MACRS) and AMT depreciation $16795 (MACRS adjusted to AMT limits). What is the AMT adjustment the partnership reports on Schedule K, line 17a?
A. ($1, 670)
B. ($670)
C. $670
D. $2340
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: