If a taxpayer uses regular MACRS for all property,an alternative minimum tax adjustment is made with respect to the depreciation on 3,5,7,and 10-year property.

Question

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The alternative minimum tax (AMT) requires adjustments to be made to depreciation deductions for certain types of property, including 3-, 5-, 7-, and 10-year property. Therefore, if a taxpayer uses regular MACRS for all property, an AMT adjustment is required for the depreciation on these types of property.

If a Taxpayer Uses Regular MACRS for All Property,an Alternative