Because tax-exempt interest from private-activity municipal bonds is a tax preference item
for purposes of the AMT.
For stock sales before May 6, 2003, 42% of the gain realized on QSBS was a tax preference item
in determining AMTI.
A portion of the interest on specified private activity bonds issued after December 31, 2010, may be a tax preference item
subject to the alternative minimum tax.
The court rejected that argument, stating Groetzinger considered only whether a gambling activity was a trade or business for the purpose of treating a gambling loss as a tax preference item
for the alternative minimum tax.
interest is the third largest corporate tax preference item
Interest on certain categories of private purpose bonds is tax-exempt, although tax-exempt interest on some private activity bonds is a tax preference item
for both the individual and corporate alternative minimum tax (see Q 1124, Q 1440).
Under the AMT, however, ISOs are treated as a tax preference item
, and thus the bargain element of the exercise of each stock is included in the AMT base.
section] 1202 is considered a tax preference item
under the alternative minimum tax (AMT).
Charitable contributions of appreciated property no longer will result in an alternative minimum tax preference item
for the difference between market value and the taxpayer's basis.
The appreciation element in a gift of appreciated securities is a tax preference item
for purposes of the alternative minimum tax period.
As a non-fundamental policy, the Fund will not invest in obligations the income from which is a tax preference item
under the federal alternative minimum tax.
Further, a portion of the excluded gain is a tax preference item
, so the benefit of the exclusion may be further reduced; for QSB stock sales or exchanges after May 5, 2003, 7% of the excluded gain is deemed a tax preference item
and added back to taxable income in calculating alternative minimum taxable income.