Common AMT adjustments — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Common AMT adjustments

Get PDF file

by on
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.

Leave a Comment

Previous post:

Next post: