In computing AMTI,all of the following must be added back except
A)home mortgage interest (on mortgage in effect since home was purchased).
B)state income taxes.
C)unreimbursed employee business expenses.
D)property taxes on an individual's home.

Question

Quizplus · Accepted Answer

A)The home mortgage interest on the mortgage related to the home's acquisition will be "qualified housing interest" and will be allowed for AMT purposes.

In Computing AMTI,all of the Following Must Be Added Back