Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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?

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.