Question: To compute the Minimum Tax Credit ( MTC ) , the taxpayer should A . Recompute the most recent year s alternative minimum tax with
To compute the Minimum Tax Credit MTC the taxpayer should
ARecompute the most recent years alternative minimum tax with adjustment for certain exclusion items, and add the carryover MTC
BRecompute the most recent years alternative minimum tax without adjustment for certain exclusion items, and add the carryover MTC
CRecompute the most recent years alternative minimum tax and subtract the carryover MTC
DRecompute the most recent years alternative minimum tax with the adjustment for the tax amount, and subtract the carryover MTC
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