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Author Question: Casualty and theft losses in excess of 10% of AGI are deductible for AMT purposes. (Read 76 times)

2125004343

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Question 1

An example of an AMT tax preference item is the excess of MACRS depreciation on equipment over depreciation computed by using the the 150% declining balance method.
◦ true
◦ false

Question 2

Casualty and theft losses in excess of 10% of AGI are deductible for AMT purposes.
◦ true
◦ false


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Marked as best answer by 2125004343 on Sep 13, 2020

Tabitha_2016

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2125004343

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


JCABRERA33

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Reply 3 on: Yesterday
:D TYSM

 

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