Keosha acquires used 10-year personal property to use in her business in 2019 and uses MACRS depreciation for regular income tax purposes, even though the asset is eligible for full expensing.As a result, Keosha will incur a positive AMT adjustment in 2019, because AMT depreciation is slower.
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Q1: The AMTI calculated using the indirect method
Q2: The required adjustment for AMT purposes for
Q4: The phaseout of the AMT exemption amount
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Q6: Assuming no phaseout, the AMT exemption amount
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