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AMTI |
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| ? References in periodicals archive |
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In this case, Merlo had to include the bargain
purchase element of $1,066,064 in his 2000 AMTI, which increased his AMT
basis of the stock by the same amount.
1211 and 1212 do not apply to his AMT capital loss for purposes of
calculating his AMTI.
An item is generally not deductible in computing ACE, however, unless it
is deductible in determining both pre-adjustment AMTI and current
E&P. |
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