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How Can Interest on a Private Activity Bond Result in Both

question 7

Essay

How can interest on a private activity bond result in both an AMT adjustment that decreases AMTI and an AMT preference that increases AMTI?


Definitions:

Carpel

The female reproductive unit of a flower; carpels bear ovules. Compare with pistil.

Female Reproductive

Pertaining to the system in females involved in producing eggs, supporting embryo/fetus development, and giving birth.

Petals

The colorful parts of a flower that surround the reproductive structures.

Corolla

Collectively, the petals of a flower.

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