Solution-What effect do these items have on her individual

What effect do these items have on her individual tax return

Reference no: EM13950462

During the year, Wheel, a calendar year S corporation in Still water, Oklahoma, generates the following AMT items: a positive adjustment of $66,000 for mining exploration cost, an excess depletion tax preference of $96,000, and a positive certified pollution control facility adjustment of $36,000. The firm's positive ACE adjustment is $102,000.

If Pam Epstein is a one-third Wheel shareholder, what effect do these items have on her individual tax return?

Reference no: EM13950462

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What effect do these items have on her individual tax return : If Pam Epstein is a one-third Wheel shareholder, what effect do these items have on her individual tax return?

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What effect do these items have on her individual tax return

Reference no: EM13950462

Reference no: EM13950462

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