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alwaysinasnit

(5,624 posts)

2. If corporations are "people" and people are subject to the Alternative Minimum Tax...

Reply to douglas9 (Original post)

Fri Apr 2, 2021, 02:32 PM

Apr 2021

I do understand a bit about net operating loss rules, but it seems that corporations seem to get better tax treatment when they report a so-called "loss." Individuals are restricted to a $3,000 loss per year (on passive activity). At least that is my understanding.

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55 Corporations Paid $0 in Federal Taxes on 2020 Profits [View all] douglas9 Apr 2021 OP

And NQAS Apr 2021 #1

If corporations are "people" and people are subject to the Alternative Minimum Tax... alwaysinasnit Apr 2021 #2