§56. Adjustments in computing alternative minimum taxable income — Inbound Citations
26 U.S.C. § 56
Cited by 11 provisions in release 119-102.
Citations to 26 U.S.C. § 56 as a whole
-
(i) determined with the adjustments provided in section 56 and section 58, and
-
(6) Any portion of any qualified expenditure to which an election under paragraph (1) applies shall not be treated as an item of tax preference under section 57(a) and section 56 shall not apply to such expenditure.
-
(2) For purposes of determining alternative minimum taxable income under section 55, qualified business income shall be determined without regard to any adjustments under sections 56 through 59.
Citations to §56(a)(1)
-
(6) The amounts which would be treated as items of tax preference with respect to the taxpayer under paragraphs (2), (3), (4), and (12) of this subsection (as in effect on the day before the date of the enactment of the Tax Reform Act of 1986). The preceding sentence shall not apply to any property to which section 56(a)(1) or (5) applies.
Citations to §56(a)(4)
-
(ii) The reduction in alternative minimum taxable income by reason of clause (i) for any taxable year shall not exceed 40 percent of the alternative minimum taxable income for such year determined without regard to clause (i) and the alternative tax net operating loss deduction under section 56(a)(4).
Citations to §56(b)(1)
-
(I) the adjustments provided for in subsection (b)(1) of section 56, and
Citations to §56(d)
-
(7) The Secretary shall by regulation provide for the application of this section to the alternative tax net operating loss deduction under section 56(d).
Citations to §56(e)
-
(2) in lieu of applying section 469(j)(7), the passive activity loss of a taxpayer shall be computed without regard to qualified housing interest (as defined in section 56(e)).