The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/this-is-my-situation-for-2012-i-have-about-225k-30559776.aspx

Subject:  Re: AMT LTCG Date:  2/24/2013  7:39 PM
Author:  TMFPMarti Number:  117882 of 121564

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
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us