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How much of the AMT credit can Elijah use

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Reference no: EM132669476

Problem - Elijah is single. He holds a $12,000 AMT credit from 2018. In 2019, his regular tax liability is $28,000 and his tentative minimum tax is $24,000. Does Elijah owe AMT in 2019? How much (if any) of the AMT credit can Elijah use in 2019?

Reference no: EM132669476

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