Bonnie, who is single, reports a zero taxable income in 2015. Bonnie itemizes her deductions and takes
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Bonnie, who is single, reports a zero taxable income in 2015. Bonnie itemizes her deductions and takes the personal exemption. She reports positive AMT timing adjustments of $200,000 and other AMT positive adjustments of $100,000 for the year. What is Bonnie's AMT credit that will carry over to 2016?
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Taxable income prior to the personal exemption 4000 Plus Timing adjustments 200000 Plus AMT exclusio...View the full answer
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Related Book For 
South Western Federal Taxation 2016 Comprehensive
ISBN: 9781305395114
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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