Which of the following is not an adjustment or tax preference item for 2019 for purposes of the individual alternative minimum tax (AMT) ?
A) State income tax refunds
B) Certain passive losses
C) Interest from private activity bonds
D) Cash charitable contributions
E) All of these are adjustment or tax preference items for AMT
Correct Answer:
Verified
Q17: For 2019, the maximum base amount for
Q18: In general, accrual basis taxpayers recognize income
Q19: Generally, cash basis taxpayers must deduct payments
Q20: Choose the incorrect statement.
A)Books and records may
Q21: Kate is an accrual basis, calendar-year taxpayer.
Q23: The Dot Corporation has changed its year-end
Q24: Jerry and Julie are brother and sister.
Q25: In 2019, which of the following children
Q26: William, a cash-basis sole proprietor, had
Q27: In cash basis accounting, for tax purposes:
A)Income
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