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How badly does the AMT kill mortgage interest deduction if...

you are in the top tax bracket. Earl, you dealt with this...
Mauve heaven tank
  02/26/15
no effect on mortgage interest up to a million $ mortgage or...
cerebral garrison
  02/26/15
hmmm. our mortgage will be a little lower than $1mm hopeful...
Mauve heaven tank
  02/26/15
i dont remember, either the $1 mm cap affects AMT or you jus...
cerebral garrison
  02/26/15
hw do u ppl hav so mch $$?
fluffy center idiot
  02/26/15
I'm an old (relatively)
Mauve heaven tank
  02/26/15
Yeah I thought $1 million mortgage was the standard cap for ...
Comical gunner abode
  02/26/15


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Date: February 26th, 2015 3:29 PM
Author: Mauve heaven tank

you are in the top tax bracket.

Earl, you dealt with this recently, right?

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27395758)



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Date: February 26th, 2015 4:25 PM
Author: cerebral garrison

no effect on mortgage interest up to a million $ mortgage or something. it kills property tax deductions.

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27396070)



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Date: February 26th, 2015 4:36 PM
Author: Mauve heaven tank

hmmm. our mortgage will be a little lower than $1mm hopefully. Is $1mm a hard cutoff as far as you are aware? If so, it might affect what I put down.

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27396135)



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Date: February 26th, 2015 4:38 PM
Author: cerebral garrison

i dont remember, either the $1 mm cap affects AMT or you just cant plain deduct mortgage interest over $1 million mortgages.

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27396142)



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Date: February 26th, 2015 4:38 PM
Author: fluffy center idiot

hw do u ppl hav so mch $$?

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27396143)



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Date: February 26th, 2015 4:46 PM
Author: Mauve heaven tank

I'm an old (relatively)

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27396175)



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Date: February 26th, 2015 5:38 PM
Author: Comical gunner abode

Yeah I thought $1 million mortgage was the standard cap for deductions, not sure how that hits up against AMT

(http://www.autoadmit.com/thread.php?thread_id=2818212&forum_id=2#27396393)