Question
Come Along Travels is a general partnership with the following depreciation information; book deprecation $ 15,125 (straight line), tax deprecation tax depreciation $17,465 (MACRS) and
Come Along Travels is a general partnership with the following depreciation information; book deprecation $ 15,125 (straight line), tax deprecation tax depreciation $17,465 (MACRS) and AMT depreciation $16795 (MACRS adjusted to AMT limits). What is the AMT adjustment the partnership reports on Schedule K, line 17a?
A. ($1, 670)
B. ($670)
C. $670
D. $2340
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
