South-western Federal Taxation 2018: Individual Income Taxes
South-western Federal Taxation 2018: Individual Income Taxes
41st Edition
ISBN: 9781337385886
Author: William H. Hoffman, James C. Young, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
Question
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Chapter 12, Problem 43P

a.

To determine

Determine the amount of investment interest expense that Y can deduct for regular income tax purposes for the year.

b.

To determine

Determine Y’s AMT preference or adjustment arises from private activity bond interest income and expense.

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