Hello, can someone tell me if charitable contributions are added back for AMT purposes? Becker says no, but I am using Ninja for MCQs and one question (#890) added charitable contributions back. I'm very confused now. Thanks in advance!
AUD - 75 BEC - NINJA in Training FAR - 75 REG - 84
Success is not final, failure is not fatal: it is the courage to continue what counts - Winston Churchill
Roger's review provides the following mnemonic for AMT – P L I E R S
Private activity bond interest
Local and statement income taxes, all property taxes and sales taxes paid
Incentive Stock Options
Excess depreciation on personal property
Refunds on local/state taxes
My teenage son to me "If you don't pass, it isn't like you'll die or anything." True. Very true. Just do your best, it's all you can do.