Bonnie, who is single, reports a zero taxable income for 2017. Bonnie itemizes deductions and takes the
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Bonnie, who is single, reports a zero taxable income for 2017. Bonnie itemizes deductions and takes the personal exemption. She incurs positive timing adjustments of $200,000 and AMT exclusion items of $100,000 for the year. What is Bonnie’s AMT credit carryover to 2018?
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Taxable income prior to the personal exemption 4050 Plus Ti...View the full answer
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Related Book For
South Western Federal Taxation Individual Income Taxes 2018
ISBN: 9781337385893
41st Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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