### Question
How is the "adjusted current earnings" defined?


### Answer
The term **adjusted current earnings** is defined in *26 U.S.C. § 56* as follows -

> the alternative minimum taxable income for the taxable year—


(A) determined with the adjustments provided in paragraph (4), and


(B) determined without regard to this subsection and the alternative tax net operating loss deduction

#### Citation:
  - *26 U.S.C. § 56*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VI-ALTERNATIVE MINIMUM TAX**

