Which of the following is (are)AMT tax preference item(s)?
I.Tax-exempt interest from private activity bonds.
II.Percentage depletion in excess of basis.

A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Question

Which of the following is (are)AMT tax preference item(s)?
I.Tax-exempt interest from private activity bonds.
II.Percentage depletion in excess of basis.
​
A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Quizplus · Accepted Answer

The Answer of Which of the following is (are)AMT tax preference item(s)?
I.Tax-exempt interest from private activity bonds.
II.Percentage depletion in excess of basis.
​
A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Which of the Following Is (Are)AMT Tax Preference Item(s)