For AMT purposes, the standard deduction and personal exemptions are:

A. allowed for AMT purposes.
B. added as a positive AMT adjustment.
C. subtracted as a negative AMT adjustment.
D. reduced by half for AMT purposes.

is it B

To determine the correct answer, let's break down the question and go through the options step by step:

The question asks about the treatment of standard deductions and personal exemptions for Alternative Minimum Tax (AMT) purposes.

A. allowed for AMT purposes:
This option suggests that both the standard deduction and personal exemptions are fully allowed for AMT purposes. In reality, the standard deduction and personal exemptions are adjusted in the context of AMT calculations, so option A is incorrect.

B. added as a positive AMT adjustment:
This option suggests that both the standard deduction and personal exemptions are added as positive adjustments when calculating AMT. This option would mean that these deductions and exemptions increase the amount of income subject to AMT. It is not the correct answer.

C. subtracted as a negative AMT adjustment:
This option suggests that both the standard deduction and personal exemptions are subtracted as negative adjustments when calculating AMT. This option would mean that these deductions and exemptions decrease the amount of income subject to AMT. This is the correct answer.

D. reduced by half for AMT purposes:
This option suggests that both the standard deduction and personal exemptions are reduced by half for AMT purposes. However, this is not the case, so option D is incorrect.

Therefore, the correct answer is C. The standard deduction and personal exemptions are subtracted as negative AMT adjustments.