![]() ![]() Below are some common examples of ATL deductions. Please consult the official IRS website for more detailed information regarding precise calculations of tax deductions. ![]() ![]() ATL deductions have no effect on the BTL decision of whether to take the standard deduction or to itemize instead. ![]() They include expenses that are claimed on Schedules C, D, E, and F, and "Adjustments to Income." One advantage of ATL deductions is that they are allowed under the alternative minimum tax.
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