Comment on the validity of the following statement: Because the regular tax NOL deduction is added back

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Comment on the validity of the following statement: Because the regular tax NOL deduction is added back to the taxable income starting point of the corporate AMTI calculation, an NOL deduction is not allowed for corporate AMT purposes.

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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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Question Posted: Dec 22, 2016 01:25 AM

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Comment on the validity of the following statement: Because the regular tax NOL deduction is added back

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A corporation is allowed an NOL deduction in the calculation of AMTI The regu...View the full answer

South Western Federal Taxation Individual Income Taxes 2017

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