Which of the following would not cause an individual taxpayer's AMTI to increase in the current year?
A)Investing in private-activity municipal bonds.
B)Paying real estate taxes due in January of the next year in the current year.
C)Amortizing circulation expenditures over three years for regular tax purposes.
D)Exercising incentive stock options.

Question

Quizplus · Accepted Answer

Amortizing circulation expenditures over three years for regular tax purposes does not affect AMTI, as it is not an adjustment or preference item for AMT purposes.

Which of the Following Would Not Cause an Individual Taxpayer's