Numbers Flashcards
1
Q
AMT for business
A
profit above $250K
2
Q
GSTT exemption
A
$22,360,000
3
Q
qualified distribution from ROTH IRA
A
$10,000 for first home (prior to 59.5)
4
Q
Section 6166
A
business value must exceed 35%
5
Q
child/ dependent care credit
A
limit $3,000 ($6,000 married)
6
Q
provisional income NOT taxed
A
less than $25,000
7
Q
exemption for inclusion in state
A
5% or $5,000 OR HEMS (in cash)
8
Q
capital gain exclusion
A
$250k ($500k couple) for home sale
9
Q
spousal support
A
deductible BEFORE 1/1/19
