What are the requirements for claiming the AMT credit?

Feb 15, 2017 ... alternative minimum tax. Also in Co-Bond Counsel's opinion, under existing law, interest on the Series 2017A Bonds is exempt from personal. treated as a tax preference item for the alternative minimum tax (AMT). This ... tax credit or deduction on your tax return. Tax reporting rules vary ... (See Part 3 for additional information.) Box 13: Specified Private Activity Bond Interest. Dividends. If you are subject to the alternative minimum tax (AMT), ... Jan 1, 2025 ... The Franchise or Income Tax Credit ... amortized amount may be offset against the claimant's franchise or income tax, including the alternative. Nov 5, 2022 ... You will find that there is an Informational ... The effects of foreign tax credit on the regular tax and alternative minimum tax has not been ... May 20, 2024 ... bases of taxable income by taking undue advantage of tax exclusions, deductions, ... the alternative AMT base do not provide additional ... Feb 18, 2025 ... The AMT exemption is like a Standard Deduction for calculating the alternative minimum tax. The 2024 exemption amounts for each filing status ... Visit the FAQ page for information on Sales Tax, Retailer's Use Tax ... deduction for $200, the employee's taxable wages for income tax purposes is $400. A credit was added for investment in a nonprofit development corporation. (Repealed December 31, 2016 - 2017 session.) The alternative minimum tax (AMT) rate ... Dec 23, 2024 ... General Tax Information · Tax ... Some kinds of income and tax deductions are deductible for the regular income tax but not under AMT rules.