An example of an AMT tax preference item is the excess of MACRS depreciation on equipment over depreciation computed by using the the 150% declining balance method.
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Q2: All tax-exempt bond interest income is classified
Q10: Jake and Christina are married and file
Q10: For purposes of the AMT,only the foreign
Q12: Casualty and theft losses in excess of
Q17: The alternative minimum tax applies to individuals
Q18: In computing AMTI,adjustments are
A)limited.
B)added only.
C)subtracted only.
D)either added
Q18: Drake and Davina are married and file
Q19: A taxpayer who paid AMT in prior
Q19: In 2017,Charlton and Cindy have alternative minimum
Q20: In computing AMTI,tax preference items are
A)excluded.
B)added only.
C)subtracted
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