AMT Adjustments and Preferences

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    Topic
  • August 28, 2012 at 9:37 pm #173594
    Anonymous
    Inactive

    This is my first time looking at AMT and I’m confused with Adjustments and Preferences?

    What’s the difference between the two? How are they treated? What are they?

    Any kind of description or explanation would be great, the simpler the better. I’ve accepted the fact that I will probably get the AMT questions wrong if they happen to pop up on the exam, but I would like to know what they are in general.

    Thank you for any and all help!

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