How is an alternative tax net operation loss deduction (Arnold) determined.
Answer:-
Elective duty net activity deficit derivation (ATNOLD) controlled By utilizing AMT pay
Since the ATNOLD is the aggregate of the elective assessment net working deficit (ATNOL) remainders and carrybacks to the expense year. ATNOL for a loss year is the excess of the deductions allowed for figuring AMT pay (barring the ATNOLD) over the salary incorporated into AMT pay .
please do rate my answer...……..
.
Get Answers For Free
Most questions answered within 1 hours.