Which of the following is not a tax preference item for purposes of the alternative minimum tax?

Question

Quizplus · Accepted Answer

Amortized circulation costs are not considered a tax preference item for the purposes of calculating the alternative minimum tax (AMT). Tax preference items typically include adjustments that are added back to the taxpayer's income to calculate the AMT, such as excess intangible drilling costs, percentage depletion, and tax-exempt interest on certain private activity bonds, but not amortized circulation costs.

Which of the Following Is Not a Tax Preference Item