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    Exam 15: Alternative Minimum Tax
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    Joel Placed Real Property in Service in 2010 That Cost
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Joel Placed Real Property in Service in 2010 That Cost

Question 51

Question 51

True/False

Joel placed real property in service in 2010 that cost $500,000 and used MACRS for regular income tax purposes.He is required to make a positive adjustment for AMT purposes in 2010.

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