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The Wes Trust reports $97,200 of AMT income before the annual exemption. Round any computations and final answer to the nearest dollar. The entity's AMT
The Wes Trust reports $97,200 of AMT income before the annual exemption. Round any computations and final answer to the nearest dollar. The entity's AMT for 2022 is $ Feedback Check My Work The alternative minimum tax (AMT) may apply to a trust or an estate in any tax year. Given the nature and magnitude of the tax preferences, adjustments, and exemptions that determine alternative minimum taxable income (AMTI), however, most trusts and estates are unlikely to incur the tax
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