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QUESTION 31 In figuring his alternative minimum tax (AMT), Lee generated a minimum tax credit which he is told will help avoid double taxation due

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QUESTION 31 In figuring his alternative minimum tax (AMT), Lee generated a minimum tax credit which he is told will help avoid double taxation due to the treatment of certain income items recurring from year to year. As a result, upon payment of the AMT. Lee may apply this credit against his Capital gains AMT in future years O Ordinary income Regular tax liability in future years

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