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Elijah is single. He has a $40,000 AMT credit from 2021. In 2022, his regular tax liability is $100,000 and his tentative minimum tax is
Elijah is single. He has a $40,000 AMT credit from 2021. In 2022, his regular tax liability is $100,000 and his tentative minimum tax is $85,000. Does Elijah owe AMT tax in year 2022? How much of the AMT credit can Elijah use in 2022? $ Elijah is single. He has a $40,000 AMT credit from 2021. In 2022, his regular tax liability is $100,000 and his tentative minimum tax is $85,000. Does Elijah owe AMT tax in year 2022? How much of the AMT credit can Elijah use in 2022? $
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