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http://boards.fool.com/this-is-my-situation-for-2012-i-have-about-225k-30559776.aspx
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| Subject: Re: AMT LTCG | Date: 2/24/2013 7:39 PM | |
| Author: TMFPMarti | Number: 117882 of 121788 | |
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This is my situation for 2012: I have about $225K AGI with around $203K of LTCG or qualified dividends and $22K or so of other income (non qualified dividends, income from business and STCG). Using the 1040 cap gains worksheet I get tax of around $27K but when I run through the AMT form this gives an additional $26K or so tax which seems way off. I have a feeling you're messing up somewhere on the 6251. I ran your basic numbers with the standard deduction through software and came up with AMT of $26K and change, which is less than the $28K and change that I get with regular rules. That would mean a zero AMT adjustment. Phil Rule Your Retirement Home Fool |
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