Common AMT adjustments for corporations include all of the following except
A)the difference between MACRS income tax depreciation for personal property and the straight-line depreciation amount.
B)75% of the excess of adjusted current earnings over AMTI.
C)the difference between the U.S.production activities deduction calculated for regular tax purposes and the deduction recalculated using AMTI as a ceiling limitation.
D)All of the above are common corporate AMT adjustments.

Question

Quizplus · Accepted Answer

A)For personal property,the AMT adjustment is based on the difference between MACRS and the 150% declining balance method.

Common AMT Adjustments for Corporations Include All of the Following