$\backslash (\backslash$mathbf$\{$x$\}\backslash ).\backslash (\{\}^\{7\}\backslash )$ Check My Work The alternative minimum tax $($AMT$)$ may apply to a trust or an estate in any tax year. Given the nature and magnitude of the tax preferences, adjustments, and exemptions that determine alternative minimum taxable income $($AMTI$),$ however, most trusts and estates are unlikely to incur the tax.