Multiple Choice
Which of the following statements is correct?
A) The deduction for personal and dependency exemptions is not permitted in calculating the AMT.Therefore,in converting regular taxable income to AMTI,a positive adjustment is required.
B) To the extent that itemized deductions exceed the standard deduction for regular income tax purposes,a positive AMT adjustment is required in converting regular taxable income to AMTI.
C) The charitable contribution deduction for AMT purposes and for regular income tax purposes can be different.In this situation,a positive AMT adjustment is required for the amount of the difference.
D) Only a.and b.are correct.
E) a.,b.,and c.are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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