An AMT liability results if the tentative minimum tax (TMT) exceeds the regular income tax liability. But

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An AMT liability results if the tentative minimum tax (TMT) exceeds the regular income tax liability. But what happens if the regular income tax liability exceeds the TMT? Does this create a negative AMT that can be carried to other years? Explain.

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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 01:28 AM

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An AMT liability results if the tentative minimum tax (TMT) exceeds the regular income tax liability. But

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South Western Federal Taxation Individual Income Taxes 2017

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