Dylan is a single taxpayer with $600,000 of taxable income, which results in a regular tax liability
Question:
Dylan is a single taxpayer with $600,000 of taxable income, which results in a regular tax liability of $187,690 in 2018. Dylan is extremely cautious about being subject to AMT and wants to know how much AMT preferences or adjustments she can afford without being subject to AMT.
a. Compute the amount of preference and adjustments it would take for Dylan to have an AMT.
b. Comment on why it takes so many adjustments for Dylan to enter AMT.
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Step by Step Answer:
a Dylan can incur approximately 103420 of AMT preferences and po...View the full answer
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Related Book For 
Federal Taxation 2019 Individuals
ISBN: 9780134739670
32nd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson
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