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Common AMT adjustments

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in Small Business Tax,Small Business Tax Deduction Strategies

Some of the most common technical adjustments and tax preferences under the Alternative Minimum Tax are:
  • Addition of personal exemptions

  • Addition of the standard deduction or itemized deductions for state and local taxes, interest, most miscellaneous deductions and part of medical deductions

  • Subtraction of taxable refund of state and local taxes

  • Changes to accelerated depreciation of property

  • Difference in the gain or loss on property sales.

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