How Can Interest on a Private Activity Bond Issued in 2013

question 19

Essay

How can interest on a private activity bond issued in 2013 result in both an AMT adjustment that decreases AMTI and an AMT preference that increases AMTI?

---

Definitions:

COUNT(range)

A function in Excel that returns the number of cells containing numbers within a specified range.

Cells

The basic structural, functional, and biological unit of all known living organisms; or in another context, individual boxes in a spreadsheet or table.

AND(condition 1,condition 2…)

A logical operator that returns true if all specified conditions are true, widely used in programming and mathematical logic.

Statistical Methodology

The collection of methods and practices used in collecting, analyzing, interpreting, and presenting data in statistical research.