Identify which of the following are AMT preferences. a. Seven percent of the exclusion associated with gains
Question:
Identify which of the following are AMT preferences.
a. Seven percent of the exclusion associated with gains on the sale of certain small business stock.
b. Exclusion on the receipt of property by gift or by inheritance.
c. Exclusion associated with payment of premiums by the employer on group term life insurance for coverage not in excess of $50,000.
d. Percentage depletion in excess of the property’s adjusted basis.
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Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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