The interest on which of the following municipal securities may be considered preference income for alternative minimum tax purposes?

The interest on which of the following municipal securities may be considered preference income for alternative minimum tax purposes?

The interest on which of the following municipal securities may be considered preference income for alternative minimum tax purposes?



A) TANs.

B) Private purpose bonds.

C) Original issue discount bonds.

D) PHAs.



Answer: B) Private purpose bonds.


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