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Mandarini Mandarini
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7 years ago
Tax-exempt interest income on state and local municipal bonds that are not a private activity is
A) a tax preference item.
B) a positive adjustment in calculating alternative minimum taxable income (AMTI).
C) a negative adjustment in calculating alternative minimum taxable income (AMTI).
D) included in calculating ACE (adjusted current earnings).
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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strwbrrystrwbrry
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7 years ago
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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Mandarini Author
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#2
6 years ago
Wow you guys are great!!!!!!!!!!!!!!

always correct
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