All of a C Corporation's AMT Is Available for Carryover

question 75

True/False

All of a C corporation's AMT is available for carryover as a minimum tax credit, regardless of whether the adjustments and preferences originate from timing differences or AMT preferences.

---

Definitions:

Sepal

One of the outermost parts of a flower, usually green and leaf-like, that protects the developing flower.

Leaflike

Having the appearance or characteristics of a leaf.

Disperse

The process by which organisms or particles spread or distribute from a concentrated area to more spread-out areas.

Seeds

The reproductive unit of many plants, capable of developing into another such plant.