Essay
In 2019, Linda incurs circulation expenses of $240,000 that she deducts in calculating taxable income.
a.Calculate Linda's AMT adjustment for circulation expenses for 2019, 2020, 2021, and 2022.
b.Advise Linda on how she could reduce or eliminate the AMT adjustment in 2019.
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a.Linda deducted the $240,000 circulatio...View Answer
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