The AMT adjustment for mining exploration and development costs can be avoided if the taxpayer elects to deduct the expenditures in the year incurred for regular income tax purposes rather than writing off the expenditures over a
10-year period for regular income tax purposes.

Question

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The Answer of The AMT adjustment for mining exploration and development costs can be avoided if the taxpayer elects to deduct the expenditures in the year incurred for regular income tax purposes rather than writing off the expenditures over a
10-year period for regular income tax purposes.

The AMT Adjustment for Mining Exploration and Development Costs Can