The alternative minimum taxable income (AMTI) exclusion is available to certain small business taxpayers who can exclude income, positive and negative adjustments, and preference items attributable to any trade or business when figuring AMTI. To qualify for this exemption, a taxpayer must own or have an ownership interest in a trade or business and have aggregate gross receipts, less returns and allowances, during the taxable year of less than what amount?

$1,000,000

$2,000,000

$3,000,000

$4,000,000