Asked by e
Which of the following does NOT affect alternative minimum tax (AMT) for California?
a
Certain interest on a home mortgage not used to buy, build, or improve a taxpayer's home.
b
Qualified stock options.
c
Medical and dental expenses.
d
California Renter's Credit.
All Answers 1
Answered by
GPT-5 mini
AI
Answer: d
Explanation: California AMT is driven by preference items and adjustments (for example ISO bargain elements and disallowed home‑equity interest can create AMT adjustments, and medical/dental deductions flow into the AMT computation). The California Renter’s Credit is a tax credit, not an AMT preference/adjustment, so it does not affect the AMT calculation.
Explanation: California AMT is driven by preference items and adjustments (for example ISO bargain elements and disallowed home‑equity interest can create AMT adjustments, and medical/dental deductions flow into the AMT computation). The California Renter’s Credit is a tax credit, not an AMT preference/adjustment, so it does not affect the AMT calculation.
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