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14-5 Which of the following itemized deductions are deductible when computing the alternative minimum tax for individuals? a.Charitable contributions b. Mortgage interest on a loan
14-5
Which of the following itemized deductions are deductible when computing the alternative minimum tax for individuals?
a.Charitable contributions
b. Mortgage interest on a loan used to acquire a personal residence.
c. State and local income taxes
d. Interest related to an investment in undeveloped land where the individual has no investment income
e. Medical expenses amounting to 9% of AGI
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