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Content AreaVicki owns and operates a baby food manufacturing business (as a sole proprietorship). During 2023, she incurred expenses of 240,000 in research and experimental
Content AreaVicki owns and operates a baby food manufacturing business (as a sole proprietorship). During 2023, she incurred expenses of 240,000 in research and experimental expenditures. For regular tax purposes, she amortized those costs over the required 5-year period. Vicki materially participates in the manufacturing business. What AMT adjustment, if any, will be required in 2023 and 2024 as a result of the research and experimental costs? a. $0 in 2023; $24,000 negative in 2024. b. $24,000 positive in 2023; $24,000 positive in 2024. c. $0 in 2023; $24,000 positive in 2024. d. $0 in 2023; $0 in 2024
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