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#13 Compute the minimum tax credit - Criteria 3/4. 13. The taxpayer computes AMT of $40,000 based on adjustments for Schedule A taxes and depreciation.
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Compute the minimum tax credit - Criteria 3/4. 13. The taxpayer computes AMT of $40,000 based on adjustments for Schedule A taxes and depreciation. AMT recomputed without the depreciation adjustment is $28,000. The taxpayer's adjusted AMT Tr the year, for purposes of computing the 13. minimum tax credit, is: 1 O a. $28,000 o b. $12,000 c. $0 Step by Step Solution
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