Q1. Elijah is single. He holds a $19,000 AMT credit from 2018. In 2019, his regular tax liability is $47,500 and his tentative minimum tax is $40,375. How much of the AMT credit can Elijah use in 2019?

a. Bristol, who is single, has AMTI of $570,200. Her AMT exemption is (chart below)

b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,125,200. Their AMT exemption is (chart below)

Status Exemption $111,700 71,700 55,850 Phaseout Begins at Ends at $1,020,600 $1,467,400 510,300 797,100 5 10,300733,700 Married, joint Single or head of household Married, separate