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

All of the options listed (depreciation, incentive stock options, and circulation expenditures) can cause differences in adjusted basis for AMT purposes and regular income tax purposes. Therefore, the correct answer is E, which includes all three options.

Factors That Can Cause the Adjusted Basis for AMT Purposes