### Question
How does the law define adjusted current earnings?


### Answer
Under *26 U.S.C. § 56*, **adjusted current earnings** is defined as:

> 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**

