Which of the following would not be a positive tax preference item in 2012?

Question

Quizplus · Accepted Answer

Alternative minimum tax NOL deduction is not a positive tax preference item. In fact, it is a deduction that reduces the taxpayer's alternative minimum taxable income (AMTI) and helps to avoid the alternative minimum tax (AMT). Positive tax preference items are deductions or exclusions that increase the taxpayer's regular taxable income, but are not allowed for AMT purposes. Options A, B, and D are all positive tax preference items.

Which of the Following Would Not Be a Positive Tax