[Anonymous]

In the Wiley materials it states that when calculating the ACE adjustment for AMT of a corporation you must add the 70% Dividends received deduction.

Does this mean that if the corporation had an 80% DRD that it would not be added to the ACE adjustment? (only the the 70%?)

[nzwoof]

i forgot, but it would seem strange that you wouldn't add back the DRD for 80 percent as well. the whole point of AMT is to increase the guys taxable income, so i would assume you would add back in order to increase ti

Reg 4/06/13 81
Far 5/28/13 86

[Author]

Replies