If a gambling loss itemized deduction is permitted for regular income tax purposes, there will be no AMT adjustment associated with the gambling loss.

Name: If a gambling loss itemized deduction is permitted for regular income tax purposes, there will be no AMT adjustment associated with the gambling loss.
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Gambling losses are deductible to the extent of gambling winnings for both regular tax and AMT purposes, so there is no AMT adjustment needed.

If a Gambling Loss Itemized Deduction Is Permitted for Regular