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Which one of the following is not a tax preference item used in computing the alternative minimum tax for an individual? a. Tax-exempt income from
Which one of the following is not a tax preference item used in computing the alternative minimum tax for an individual? a. Tax-exempt income from a Colorado Water Board bond. b. Percentage depletion on excess of cost depletion on a silver mining property. c. tax-exempt interest on specified private activity bonds. d. Exclusion of gain on the sale of certain qualified small business corp. stock e. None of the above; all are preference items
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