Generally,the gains and losses recognized for regular tax purposes are the same amount as the gains and losses recognized for AMT purposes.

Question

Quizplus · Accepted Answer

The gains and losses recognized for regular tax purposes are not always the same as the gains and losses recognized for AMT (Alternative Minimum Tax) purposes. Certain items, such as depreciation and certain deductions for state and local taxes, are treated differently under AMT rules, which can result in different tax consequences.

Generally,the Gains and Losses Recognized for Regular Tax Purposes Are