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I have 85k earned income and 310,000 in long term capital gains for 2000. I was planning to pay state capital gains in 2000 and write off on my fed taxes. However, when I punch this all into turbo tax - I make out better (4k or so) by using the standard deduction of 7200 and not even claiming my 2 this wierd or what???? Why is this? Is it caused by some strange AMT rules or am I just all screwed up?
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