Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
This is my situation for 2012: I have about $225K AGI with around $203K of LTCG or qualified dividends and $22K or so of other income (non qualified dividends, income from business and STCG). Using the 1040 cap gains worksheet I get tax of around $27K but when I run through the AMT form this gives an additional $26K or so tax which seems way off. I realize that large LTCG while not being subject to the AMT itself can push other income into it which is why I was expecting it but in this case the other income is so small relative to the additional AMT it makes no sense to me. The only deduction the AMT added back was the State tax of $10K or so.
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.
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.
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.