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Ag-Tax
Level 1

Exemption to alternative minimum tax

I hope there is someone who  can help me. I have a client who, under separation agreement had to dispose of qualified farm property. He has the capital gains exemption but he is being assessed the AMT. Is there not an exemption where the source of the AMT is a marriage breakdown. I have contacted the CRA Dedicated Telephone Service to no avail.

Someone had this experience?

 

Rod MacDougall