Answer needs to be 200 words.

Indicate whether the following items are includible in regular taxable income, preadjustment AMTI, and/or ACE. Also, indicate whether a corporation must make a positive, negative, or zero adjustment when calculating preadjustment AMTI and when calculating ACE.

a. Tax-exempt interest on private activity bonds (not issued in 2009 or 2010)

b. Tax-exempt interest on a state's general revenue bonds (not issued in 2009 or 2010)

c. Proceeds from a life insurance policy (with no cash surrender value) paid because of a corporate officer's death

d. Gain on a current year sale of property for which a corporation uses the installment method

e. Gain on a previous year sale of property for which a corporation uses the installment method

f. Deduction of organizational expenditures made in the previous year

g. Deduction for a dividend received from a 25%-owned domestic corporation

h. Deduction for a dividend received from a 5%-owned domestic corporation

Please use the following format.

	Included	Included in		Adjustment from
	in Regular	Preadjustment	Included	Reg. Tax. Inc.	Preadjustment
	Taxable Income	AMTI	in ACE	to Preadj. AMTI	AMTI to ACE
a.
b.
c.
d.
e.
f.
g.
h.