For many years, Saul's sole proprietorship and his related Form 1040 have had a number of AMT
Question:
For many years, Saul's sole proprietorship and his related Form 1040 have had a number of AMT tax preferences and AMT adjustments. He has made the AMT calculation each year, but the calculated amount always has been SO. Saul's regular taxable income and the AMT adjustments and preferences for 2018 are the same as for last year. Yet, he must pay AMT this year. Explain how this could happen.
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The regular income tax rates 1 are indexed each year for inflation So if taxable inco...View the full answer
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Related Book For 
South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337702966
22nd Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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