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Author Question: For purposes of the AMT, the standard deduction, but not the personal and dependency exemptions, is allowed. (Read 63 times)

Coya19@aol.com

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Question 1

For purposes of the AMT, only the foreign tax credit and refundable personal credits are allowed to reduce the tentative minimum tax.
◦ true
◦ false

Question 2

For purposes of the AMT, the standard deduction, but not the personal and dependency exemptions, is allowed.
◦ true
◦ false


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Marked as best answer by Coya19@aol.com on Sep 13, 2020

fromAlphatoOmega22

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Coya19@aol.com

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Reply 2 on: Sep 13, 2020
:D TYSM


Liddy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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