For AMT purposes,taxpayers must capitalize and amortize research and experimental expenditures over a 10-year period.

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Quizplus · Accepted Answer

This statement is true. For AMT (Alternative Minimum Tax) purposes, taxpayers must capitalize and amortize research and experimental expenditures over a 10-year period. This is different from regular tax rules, where taxpayers may elect to deduct research and development expenses in the year they are incurred.

For AMT Purposes,taxpayers Must Capitalize and Amortize Research and Experimental