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Do you add state income taxes to alternative minimum tax net operating loss?

August 19, 2011

From:  Deana
Date:  Tue, 21 Apr 2009

When computing the AMT NOL, do you add back state income taxes?

Thanks
Deana

Answer

Date:  8 May 2009

Hello Deana,

Since the starting point for the alternative minimum tax net operating loss is alternative minimum taxable income, state income taxes should have already been added back.

Good luck!

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