Question 45 of 75.

When should the alternative minimum tax net operating loss (NOL) be computed?

• Any time a casualty or theft loss has occurred, which can be carried forward three or more years.
• Any time a taxpayer has any minimum tax adjustments or preference items in the loss year or in any year to which the loss is carried. g
• Any time there is an NOL and the taxpayer's adjusted gross income is greater than $206, 100.
• Whenever the taxpayer's adjusted gross income is greater than