Regular tax and alternative minimum tax purposes, Accounting Basics

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Regular tax and alternative minimum tax purposes

Which of the common deductions below are allowed for both regular tax purposes and for Alternative Minimum Tax (AMT) purposes?

A. The standard deduction

B. Personal and dependency exemptions

C. State income taxes, property taxes, and all other taxes deducted on Schedule A

D. Mortgage interest from the acquisition of a residence costing less than $1 million

E. Miscellaneous itemized deductions taken on Schedule A

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Accounting Basics: Regular tax and alternative minimum tax purposes

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Accounting Basics: Regular tax and alternative minimum tax purposes

Reference No:- TGS043551

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Recent Questions Asked Accounting Basics

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Accounting Basics: Regular tax and alternative minimum tax purposes

Reference No:- TGS043551

Recent Questions Asked Accounting Basics

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Q : Regular tax and alternative minimum tax purposes

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