Which of the Following Is (Are) AMT Tax Preference Item(s)

Multiple Choice

Which of the following is (are) AMT tax preference item(s) ?
I.Tax-exempt interest from state and municipal bonds.
II.Percentage depletion in excess of basis.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.