Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Hi HokeySon,

State income taxes are not deductible under AMT. Some municipal bonds are subject to taxation under AMT. Capital Gains can potentially trigger AMT under the wrong circumstances. Stock options can trigger the AMT. There are a lot of 'ordinary person' things that can trigger AMT liability.

Here is a really good guide to the AMT: . And here is the top ten or eleven causes of AMT: .

The AMT is a creature of Congress... Congress apparently thinks your rich, in spite of the second mortgage. So you're subject to the AMT.

Print the post  


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.
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.
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.