Which of the Following Is Not an Adjustment or Tax

question 39

Multiple Choice

Which of the following is not an adjustment or tax preference item for 2013 for purposes of the individual alternative minimum tax AMT) ?

• A)State income tax refunds
• B)Certain passive losses
• C)Miscellaneous itemized deductions
• D)Cash charitable contributions
• E)All of the above are adjustment or tax preference items for AMT

---

Definitions:

Partnership Agreement

A legal document that outlines the rights, responsibilities, and other terms agreed upon by the partners in a business venture.

Unanimous Written Consent

Unanimous Written Consent refers to a legal document that indicates the agreement of all members of a board or group on a decision without the need for a formal meeting.

Limited Partners

Investors in a limited partnership who have their liability for the debts of the business limited to the amount they have invested.

Partnership Agreement

A contract between business partners outlining the terms and conditions of their partnership, including responsibilities and profit sharing.