Question: Which of the following itemized deductions are deductible when computing the alternative minimum tax for individuals? a. State income taxes. b. Home equity mortgage interest
Which of the following itemized deductions are deductible when computing the alternative minimum tax for individuals?
a. State income taxes.
b. Home equity mortgage interest when the loan proceeds were used to purchase an auto.
c. Unreimbursed employee expenses in excess of 2%
of adjusted gross income.
d. Gambling losses.
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