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Elijah is single. He has a $28,500 AMT credit from 2021. In 2022, his regular...

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Accounting

Elijah is single. He has a $28,500 AMT credit from 2021. In 2022, his regular tax liability is $71,250 and his tentative minimum tax is $60,563.

Does Elijah owe AMT tax in year 2022? YES or NO

How much of the AMT credit can Elijah use in 2022?

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