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Income Tax Planning
Chapter 15: Alternative Minimum Tax/INVESTMENT EXPENSES & MUNICIPAL BONDS
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Chapter Study Session

Chapter 15: Alternative Minimum Tax

INVESTMENT EXPENSES & MUNICIPAL BONDS

01.Core Concepts

• Generally, investment expenses incurred to purchase municipal bonds are not deductible. • If municipal bond interest is taxed under the AMT system, investment expenses incurred may be deducted for AMT purposes.