Joel placed real property in service in 2011 that cost $750,000 and used MACRS for regular income tax purposes.He is not required to make a positive or negative adjustment for AMT purposes in 2011.

Question

Quizplus · Accepted Answer

Since Joel is not required to make a positive or negative adjustment for AMT purposes, it means that the amount of depreciation he claims for regular income tax purposes is the same amount he can claim for AMT purposes. Therefore, there is no adjustment needed.

Joel Placed Real Property in Service in 2011 That Cost