IndusTree Inc.received $1,800,000 from the sale of a property in 2017.The property's adjusted basis for regular tax purposes was $200,000 at the time of the sale.The property's adjusted basis for AMT purposes was $290,000.What is the amount of the AMT adjustment due to the sale of the asset? Does it increase or decrease AMTI?

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The Answer of IndusTree Inc.received $1,800,000 from the sale of a property in 2017.The property's adjusted basis for regular tax purposes was $200,000 at the time of the sale.The property's adjusted basis for AMT purposes was $290,000.What is the amount of the AMT adjustment due to the sale of the asset? Does it increase or decrease AMTI?