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In 2017, Linda Incurs Circulation Expenses of $240,000 Which She

Question 108

Essay

In 2017, Linda incurs circulation expenses of $240,000 which she deducts in calculating taxable income.
a.Calculate Linda's AMT adjustment for circulation expenses for 2017, 2018, 2019, and 2020.
b.Advise Linda on how she could reduce or eliminate the AMT adjustment in 2017.​

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