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At- risk passive activity loss rules and the individual alternative minimum tax After computing all tax preferences and AMT adjustments, Adam and his wife Cindy
At- risk passive activity loss rules and the individual alternative minimum tax
After computing all tax preferences and AMT adjustments, Adam and his wife Cindy have AMTI of $1,090,000. If Adam and Cindy file a joint tax return, what exemption amount can they claim for AMT for 2019?
Multiple Choice
- $0.
- $111,700.
- $70,300.
- $94,350.
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