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Which of the following statements regarding alternative minimum tax (AMT) is true? A. For 2018, corporations have to compute their income for purposes of both
Which of the following statements regarding alternative minimum tax (AMT) is true?
| A. | For 2018, corporations have to compute their income for purposes of both the regular in-come tax and the alternative minimum tax. | ||
| B. | AMT no longer applies to individuals, but it still applies to corporations. | ||
| C. | The Tax Cuts and Jobs Act repealed the alternative minimum tax for corporations. | ||
| D. | AMT no longer applies to estates or trusts after 2017. |
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