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

question 30

Multiple Choice

Which of the following is (are) AMT tax preference item(s) ?
I.Tax-exempt interest from private activity 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.

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