1120-US: Form 4626 other adjustments (FAQ)

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Question

Does UltraTax/1120 automatically transfer any information to the other adjustments and preferences line of Form 4626?

Answer

UltraTax/1120 automatically transfers the difference between section 179 for regular tax and AMT purposes, the difference between charitable contributions for regular tax and AMT purposes, the difference between domestic production activities deduction for regular tax and AMT purposes, the income from the alcohol and cellulosic biofuel fuels credit, and Other adjustments and tax preference items from Screen K1-4 to the Other adjustments statement at print time.

Related topic: 1120-US: Form 4626 – Alternative minimum tax FAQs

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