The net capital gain included in an individual taxpayer's AMT base is eligible for the lower tax rate on net capital gain.This favorable alternative rate applies in calculating both the regular income tax and the AMT.

Question

Quizplus · Accepted Answer

The statement is true. The lower tax rate on net capital gain applies to both regular income tax and AMT calculations, so the net capital gain included in an individual taxpayer's AMT base is also eligible for this lower rate.

The Net Capital Gain Included in an Individual Taxpayer's AMT