Which of the following is not deductible in computing alternative minimum taxable income?
A)Casualty losses
B)Interest on a home equity loan used to purchase a new automobile
C)Charitable contributions
D)Medical expenses
E)All of the above are deductible.

Question

Quizplus · Accepted Answer

The interest on a home equity loan used to purchase a new automobile is not deductible in computing alternative minimum taxable income. Casualty losses, charitable contributions, and medical expenses are deductible in computing AMT.

Which of the Following Is Not Deductible in Computing Alternative