Question
Items commonly added back to regular taxable income in computing Alternative Minimum Tax (AMT) income include all of the following except: Charitable contributions limited to
Items commonly added back to regular taxable income in computing Alternative Minimum Tax (AMT) income include all of the following except:
Charitable contributions limited to 50% of AGI.
State income taxes (subject to $10,000 limit)
Tax-exempt interest from private activity bonds
Real property taxes (subject to $10,000 limit)
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471072419, 978-0471072416
