1929. Which of the following statements regarding the alternative minimum tax (AMT) or AMT planning are CORRECT? 1. The AMT reduces the tax benefits from certain types of deductions and tax preferences allowable for regular income tax purposes. 2. The starting point for determining alternative minimum taxable income (AMTI) is AGI as reported for regular income tax purposes. 3. It is generally advantageous to defer to a future year the payment of real estate taxes when AMT will be paid in the current year. 4. It is generally advantageous to accelerate ordinary income into years when AMT will be paid. A. 1, 2, and 4 B. 1 and 3 C. 1, 3, and 4 D. 3 and 4