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A) What is the purpose of the AMT (Alternative Minimum Tax)? What is one problem with the alternative minimum tax? B) What is a refundable

A) What is the purpose of the AMT (Alternative Minimum Tax)? What is one problem with the alternative minimum tax?

B) What is a refundable credit? Give examples.

C) What is a nonrefundable credit? Give examples.

D) How is the amount realized determined on a property transaction?

F) Explain cash method accounting.

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