In 2014, Karen Miller had an alternative minimum tax liability of $20,000. This was the first year that she paid an alternative minimum tax. When she recomputed her 2014 alternative minimum tax using only exclusion preferences and adjustments, her alternative minimum tax was $9,000. For 2015, Karen had a regular tax liability of $50,000 and a tentative minimum tax of $45,000. What is the amount of Karen'ts unused minimum tax credit from 2015 that will carry over 2016?
a. $0
b. $4,000
c. $5,000
d. $6,000
Answer: C
Tax
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- Income in respect of a cash-basis decedent
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