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    Exam 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
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    Catherine Purchased Furniture and Fixtures 7-Year Property)for Her Shop for $80,000
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Catherine Purchased Furniture and Fixtures 7-Year Property)for Her Shop for $80,000

Question 23

Question 23

Multiple Choice

Catherine purchased furniture and fixtures 7-year property) for her shop for $80,000 in May.What AMT depreciation adjustment is required for the year?


A) $2,864.
B) $8,568.
C) $11,432.
D) $0.

Correct Answer:

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