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    Federal Taxation
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    Exam 12: Alternative Minimum Tax
  5. Question
    A Taxpayer Who Expenses Circulation Expenditures in the Year Incurred
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A Taxpayer Who Expenses Circulation Expenditures in the Year Incurred

Question 40

Question 40

True/False

A taxpayer who expenses circulation expenditures in the year incurred for regular income tax purposes will incur a positive AMT adjustment in the following year.

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