Numbers Flashcards by Lauren Wingard

Q

AMT for business

A

profit above $250K

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Q

GSTT exemption

A

$22,360,000

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Q

qualified distribution from ROTH IRA

A

$10,000 for first home (prior to 59.5)

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Q

Section 6166

A

business value must exceed 35%

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Q

child/ dependent care credit

A

limit $3,000 ($6,000 married)

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Q

provisional income NOT taxed

A

less than $25,000

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Q

exemption for inclusion in state

A

5% or $5,000 OR HEMS (in cash)

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Q

capital gain exclusion

A

$250k ($500k couple) for home sale

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Q

spousal support

A

deductible BEFORE 1/1/19

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