Cher sold undeveloped land that originally cost $150,000 for $225,000. There is a positive AMT adjustment of
$75,000 associated with the sale of the land.

Name: Cher sold undeveloped land that originally cost $150,000 for $225,000. There is a positive AMT adjustment of $75,000 associated with the sale of the land.
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Question

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The sale of land results in a capital gain, not an AMT adjustment. The $75,000 is the capital gain, not an AMT adjustment.

Cher Sold Undeveloped Land That Originally Cost $150,000 for $225,000