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Planning for AMT is one item noted in the article. AMT is a good reason for using a tax preparer. I need to go back to my tax return and understand how we got nipped by AMT (about $300).

AMT questions:
1.) Once in AMT territory, any addiional capital gains and qualifying dividends will be taxed at AMT rates? Trying to minimize taxes with qualified dividends and capital gains seems useless.

2.) Additional non-acquisting mortgage deductions are useless? The deductions we have are state income tax, real property tax and chartible contributions.

3.) Our income dropped about 15% this year. I had expected that our state income tax refund would decrease, but it increased. We need to submit a new DE4, but with HR in a different state that is not as easy as it sounds. It seems like a zero sum game, but will decreasing withholding help with AMT?

Debra
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