The Net Capital Gain Included in an Individual Taxpayer's AMT

question 13

True/False

The net capital gain included in an individual taxpayer's AMT base is eligible for the beneficial alternative tax rate on net capital gain.This favorable alternative rate applies both in calculating the regular income tax and the AMT.

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Definitions:

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Generalization

The process or method of formulating general concepts by abstracting common properties of specific instances.

Specific Conclusion

A definite and detailed end statement in an argument or presentation, drawn from the information and analysis provided beforehand.

Deduction

The process of reasoning from general principles to specific conclusions, or the elimination of possible causes until only one remains.