Factors that can cause the adjusted basis for AMT purposes to be different from the adjusted basis for regular income tax purposes include:
A) A different amount of depreciation has been deducted for AMT purposes and regular income tax purposes.
B) The spread on the exercise of an incentive stock option (ISO) is recognized for AMT purposes, but is not recognized for regular income tax purposes.
C) A different amount has been deducted for circulation expenditures for AMT purposes and for regular income tax purposes.
D) Only a. and b.
E) a., b., and c.

Question

Quizplus · Accepted Answer

The adjusted basis for AMT purposes can differ from regular tax due to differences in depreciation, ISO exercise spread, and circulation expenditures.

Factors That Can Cause the Adjusted Basis for AMT Purposes