Alternative Minimum Tax
01.Core Concepts
• Regular taxable income (from IRS Form 1040) • + Positive AMT adjustments • – Negative AMT adjustments • + AMT preference items • = AMTI • – Applicable AMT exemption (based on filing status) • = AMT base
Personal Financial Planning
17. CHAPTER 13: INDIVIDUAL INCOME TAX AND TAX PLANNING/Alternative Minimum Tax
Syllabus Slides