Taxpayers may continue to accelerate certain AMT credits

April 2013

Overview

Corporations or consolidated groups with alternative minimum tax (AMT) credits from pre-2006 tax years may continue to accelerate use of these credits instead of claiming Section 168(k) additional bonus depreciation for eligible qualified property.  To accelerate use of these credits, an election must be made under Section 168(k)(4).  This provision has proven particularly useful for companies with excess AMT credits that do not benefit from claiming bonus depreciation.

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