Negative AMT adjustments for the current year caused by timing differences are offset by the positive AMT adjustments in prior tax years also caused by timing differences
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: While there is no specific statutory provision that produces this result, this is the practical effect. Over the life of the asset, the positive adjustments which are timing differences will be offset by negative adjustments.
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