A corporation with an AMTI of $400,000 will have all of its AMT exemption phased-out.

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The phase-out of AMT exemption begins at an AMTI of $311,950 for single filers and $623,900 for married filing jointly. Once the AMTI exceeds these thresholds, the exemption is gradually phased-out until it is completely eliminated. Therefore, a corporation with an AMTI of $400,000 will have all of its AMT exemption phased out.

A Corporation with an AMTI of $400,000 Will Have All