The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: amt for 2013?||Date: 8/31/2013 9:39 PM|
|Author: TMFPMarti||Number: 119110 of 121261|
I completed a "what if" in TT and was surprised to see that AMT was triggered - by LT cap gains, apparently.
It could happen. However, your LT gains are still taxed at the LT rate. The effect of AMT is on deductions and the rate charged on your other income.
You can see how it all falls out on Form 6251.
Rule Your Retirement Home Fool
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|