prepare form 4626 for blue bird corporation to determine its 2016 amt liability.blue bird is not...

prepare form 4626 for blue bird corporation to determine its 2016 amt liability.blue bird is not a small corporation and operates on a year calender.

Taxable income before NOL $963200

AMT informayion:

Intangible drilling costs (12031)

Tax -exempt interest from private activity bonds 22714

Adjusted AMT loss(30015)

Amortization of certified pollution control facilities 55201

Depreciation of post-1986 property74251

Adjusted Current Earnings(ACE)2007013

Prior year positive ACE adjustment in excess of prior year

negative ACE adjustment (4d) 251333

Expert Solution

Here Year for AMT Liability Determination has been taken as 2017.

ekkarill92 answered 2 years ago

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