Moore incurred circulation expenditures of $300,000 in 2012 and deducted that amount for regular income tax purposes.Moore has a $100,000 negative AMT adjustment for 2013, for 2014, and for 2015.
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Q4: The AMT can be calculated using either
Q5: Business tax credits reduce the AMT and
Q5: Prior to the effect of tax credits,
Q6: The required adjustment for AMT purposes for
Q7: If the AMT base is greater than
Q8: After personal property is fully depreciated for
Q10: Assuming no phaseout, the AMT exemption amount
Q11: Negative AMT adjustments for the current year
Q12: Keosha acquires 10-year personal property to use
Q14: The net capital gain included in an
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