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Qualified private - activity municipal bond interest is A ) taxable for regular income tax purposes but not included in the AMT computation. B )

Qualified private-activity municipal bond interest is
A) taxable for regular income tax purposes but not included in the AMT computation.
B) tax exempt for both regular income tax and AMT.
C) tax exempt, but it may be included in the computation of the alternative minimum tax (AMT).
D) taxable at the federal level but not at the state level.
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