TerraWise Inc. reported the following information for the year: $$\begin{array} { |l | r | r| }
\hline& \text { FMN } & \text { Tax Basis } \
\hline \text { Building } & 180,000 & 150,000 \
\hline \text { Land } & \underline { 420,000 } & \underline { 500,000 } \
\hline \text { Total } & \$ 600,000 & \$ 650,000 \
\hline
\end{array}$$ What is TerraWise Inc.'s AMTI?

Question

TerraWise Inc. reported the following information for the year: $$\begin{array} { |l | r | r| } 
\hline& \text { FMN } & \text { Tax Basis } \
\hline \text { Building } & 180,000 & 150,000 \
\hline \text { Land } & \underline { 420,000 } & \underline { 500,000 } \
\hline \text { Total } & \$ 600,000 & \$ 650,000 \
\hline
\end{array}$$ What is TerraWise Inc.'s AMTI?

Quizplus · Accepted Answer

The Answer of TerraWise Inc. reported the following information for the year: $$\begin{array} { |l | r | r| } 
\hline& \text { FMN } & \text { Tax Basis } \
\hline \text { Building } & 180,000 & 150,000 \
\hline \text { Land } & \underline { 420,000 } & \underline { 500,000 } \
\hline \text { Total } & \$ 600,000 & \$ 650,000 \
\hline
\end{array}$$ What is TerraWise Inc.'s AMTI?

TerraWise Inc What Is TerraWise Inc