Multiple Choice
On February 1, 2018, Omar acquires used 7-year personal property for $100,000 for use in his business. Omar does not elect § 179 expensing, but he does take the maximum regular cost recovery deduction. As a result, Omar incurs a positive AMT adjustment in 2018 of what amount?
A) $0
B) $3,580
C) $10,710
D) $14,290
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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