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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120798  
Subject: Re: amt for 2013? Date: 9/2/2013 3:40 PM
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Oh Wow, Peter. I think you're right!

My gut feeling was that you weren't in AMT territory, so I ran a few numbers to see. And I knew you had the AMT calc wrong, so I wanted to address that.

The additional exemption? He is a non related dependent. (I forget the exact term now.) He does not live in our home,

Let's stop right there. The only dependent that might not live in your home is a parent. For anyone else, they have to live in your home to be a dependent.


he made less than the ceiling amount (perhaps $500), and we provided his support.

Those are a good start, but there are other tests.

I thought I had a choice of deducting his medical expenses or taking an additional exemption, not both. I chose the exemption. Is that correct?

No. If they're a dependent, you get the exemption. AND you can also deduct medical expenses for dependents.

If you want to dig into that further, I'd suggest starting another thread.

--Peter
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