Interaction of the AMT and S Corporation Basis Rules (Part I) — footnotes

¹See Lutrell, “S Corporation Returns, 2003,” IRS Statistics of Income Bulletin (June 2005).

²For an excellent article in this area, see Stone and Orbach, “AMT Applied to S Corporations,” 47 Tax Notes 467 (4/23/90).

³See Temp. Regs. Sec. 1.469-2T(d)(6).

⁴Charles C. Allen III, 118 TC 1 (2002).

⁵Ventas, Inc., Fed. Cl., (7/30/2003).

⁶See Sec. 56(a)(6).

⁷See Secs. 168(b)(1) and 56(a)(1)(A)(ii).

⁸See Rev. Rul. 64-162, 1964-1 CB 304.

⁹See Regs. Sec. 1.1367-2(b)(3).

¹⁰See Regs. Sec. 1.1367-2(c)(2).

¹¹IRS Letter Ruling (TAM) 200619021 (5/12/06).