Corporations are allowed to deduct at least some AMT exemption regardless of profitability.
The AMT exemption is phased-out completely for corporations with AMTI of at least $310,000.

Name: Corporations are allowed to deduct at least some AMT exemption regardless of profitability. The AMT exemption is phased-out completely for corporations with AMTI of at least $310,000.
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Question

Quizplus · Accepted Answer

The AMT exemption phase-out threshold for corporations is much higher than $310,000.

Corporations Are Allowed to Deduct at Least Some AMT Exemption