Paul incurred circulation expenditures of $180,000 in 2014 and deducted that amount for regular income tax purposes.Paul has a $60,000 negative AMT adjustment for 2015,2016,and for 2017.

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The AMT adjustment in the year circulation expenditures are incurred is positive.The adjustment is negative in the two subsequent years.Paul's negative adjustment for 2015 and 2016 is $60,000 ($0 deduction for regular income tax purposes - $60,000 deduction for AMT purposes).There is no AMT adjustment in 2017.

Paul Incurred Circulation Expenditures of $180,000 in 2014 and Deducted