Negative AMT adjustments for the current year caused by timing differences are offset by the positive AMT adjustments for prior tax years also caused by timing differences.

Question

Quizplus · Accepted Answer

Negative AMT adjustments for timing differences in the current year can be offset by positive AMT adjustments for timing differences in prior tax years. This is because the AMT system is designed to adjust for differences between regular tax and AMT calculations over time, so the overall impact is meant to be neutralized.

Negative AMT Adjustments for the Current Year Caused by Timing