Installment Sales of Commodities and AMT

Date
1996-06-21
Authors
Harl, Neil
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Altmetrics
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Iowa State University Digital Repository
Abstract

Since 1986, installment sales of commodities have run the risk of alternative minimum tax liability. If alternative minimum taxable income exceeds the exemption amount ($40,000 for corporations, $45,000 for individuals filing a joint return), alternative minimum tax is imposed.

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