Which of the following is not an adjustment or tax preference item for 2018 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 the above are adjustment or tax preference items for AMT

Question

Quizplus · Accepted Answer

Cash charitable contributions are not an adjustment or tax preference item for AMT. However, the other options (state income tax refunds, certain passive losses, and interest from private activity bonds) are all adjustment or tax preference items for AMT.

Which of the Following Is Not an Adjustment or Tax