Multiple Choice
Which of the following itemized deductions is not allowed for AMT purposes?
A) State income taxes.
B) Qualified housing interest.
C) Investment interest.
D) Interest on home equity loan where loan proceeds are used to improve the residence.
E) Charitable contributions.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Jose is an employee of O'Hara Industry
Q62: Under a Roth IRA<br>I.Any taxpayer may contribute
Q63: The tax advantage of a Roth IRA
Q64: Concerning individual retirement accounts (IRAs),<br>I.A single taxpayer
Q65: On May 1, 2017, Peyton is granted
Q67: On June 1, 2018, Sutton Corporation grants
Q68: Harriet is an employee of Castiron Inc.
Q69: Curtis is 31 years old, single, self-employed,
Q70: Wan-Ying, age 64, retired from the Meadowbrook
Q71: The AMT applies to<br>I.Individual taxpayers<br>II.Corporate taxpayers<br><br>A)Only statement