I:14-42 AMT Computation. Dylan is a single taxpayer with $600,000 of taxable income, which results in a
Question:
I:14-42 AMT Computation. Dylan is a single taxpayer with $600,000 of taxable income, which results in a regular tax liability of $184,955 in 2022. 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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Related Book For 
Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023
ISBN: 9780137730391
36th Edition
Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna
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