An S corporation is not subject to the AMT, but its shareholders are in that the S corporation's AMT adjustments and preferences are passed through to them.

Question

Quizplus · Accepted Answer

This is true, as the AMT adjustments and preferences of an S corporation are passed through to its shareholders, who then calculate their own AMT liability. However, the S corporation itself is not subject to the AMT.

An S Corporation Is Not Subject to the AMT, but Its