OK. In TT "what if" I backed out capital gains incrementally until relieved of AMT. Relieved of AMT at cap gain of 48,795. Which means I backed out 22,640 of cap gain.At 71,435 cap gain. Tax on full taxable income = 25,856 AT 48,795. Tax on full taxable income = 18,597.Tax Difference = 7,259 on the 22,640 cap gain backed out. Yikes.7,259/22,640 = 33% "effective" cap gain in AMT.Wow. I really blew it. Roth was available. But I didn't want to use the Roth to save 15% cap gain tax. However, given the AMT status that I did NOT anticipate, it seems like I missed a GREAT opportunity to use the Roth to avoid AMT and an "effective" 33% cap gain rate on that 22,640 cap gain. Sheesh. Lesson learned. Use "what if" BEFORE transacting. ALWAYS.I HOPE that this sorry tale helps someone else avoid this situation. Stupid. Stupid. Stupid. ML
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