Interest paid on debt incurred to acquire, build, or improve a personal residence is a preference item for computing the alternative minimum tax.

Name: Interest paid on debt incurred to acquire, build, or improve a personal residence is a preference item for computing the alternative minimum tax.
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Interest paid on debt for a personal residence is not considered a preference item for the alternative minimum tax; it is generally deductible under regular tax rules.

Interest Paid on Debt Incurred to Acquire, Build, or Improve