Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
All your state income taxes get added back into your AGI, and AMT taxes refigured on that amount. If you have any depreciation, a portion of that (probably) gets added back in. And you add back in all your exemption amounts.

AMT affects LOTS of people--even if it's just jumping through the hoops to see if you have to fill out the form to see if you have to pay. Not fun.

Kathleen
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement