American military thought has coined the expression 'Overall Strategic Objective.' When [British] officers first heard this they laughed; but later on its wisdom became apparent and accepted. Evidently this should be the rule, and other great business be set up in subordinate relationship to it.
The AMT was created in 1969 over outrage that 155 high-income households making over $200,000 at that time didn't end up owing any federal income tax. That $200,000 would be worth $1.3 million today.
a JustAnswer user. Because of the AMT rules, you will need to calculate the depreciation two ways - Accelerated from normal tax and straight line for AMT calculation. Both numbers will pass down to your 1040 through the K-1. You will only need to worry about the AMT figure if your personal return is subject to the AMT, otherwise it is ignored.