Fundamentals of Taxation 2017
Quiz 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
Itemized Deductions Are Allowed in Their Entirety for Amt Purposes
Itemized deductions are allowed in their entirety for AMT purposes.
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Every taxpayer who calculates depreciation on his or her tax return will have a depreciation adjustment for AMT purposes.
Gifts to charity are not allowed for AMT purposes.
There is no difference between regular tax depreciation and AMT depreciation on real property placed in service after 1998.
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