Anh is single, has no dependents, and itemizes deductions. In the current year for regular tax purposes,
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Anh is single, has no dependents, and itemizes deductions. In the current year for regular tax purposes, she records $60,000 of income and $105,000 of deductions and losses, primarily from business activities. Included in the losses are $30,000 of AMT preferences. Given this information, what are Anh’s regular tax and alternative tax NOL amounts?
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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357109175
23rd Edition
Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney
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