Question: Problem 6-13 The Individual Alternative Minimum Tax (AMT) (LO 6.5) Select for each below the treatment (+, -, , none) in determining AMTI. Item Description

Problem 6-13 The Individual Alternative Minimum Tax (AMT) (LO 6.5) Select for each below the treatment ("+", "-", "", "none") in determining AMTI.

Item Description Answer
a. The standard deduction.
b. Itemized deduction for state and local taxes.
c. Itemized deduction for mortgage interest.
d. Difference between AMT net operating losses and regular net operating losses.

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