\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

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

you are in the top tax bracket. Earl, you dealt with this...
flickering red menage roast beef
  02/26/15
no effect on mortgage interest up to a million $ mortgage or...
flushed contagious pit
  02/26/15
hmmm. our mortgage will be a little lower than $1mm hopeful...
flickering red menage roast beef
  02/26/15
i dont remember, either the $1 mm cap affects AMT or you jus...
flushed contagious pit
  02/26/15
hw do u ppl hav so mch $$?
Carmine karate macaca
  02/26/15
I'm an old (relatively)
flickering red menage roast beef
  02/26/15
Yeah I thought $1 million mortgage was the standard cap for ...
chrome spot
  02/26/15


Poast new message in this thread



Reply Favorite

Date: February 26th, 2015 3:29 PM
Author: flickering red menage roast beef

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)



Reply Favorite

Date: February 26th, 2015 4:25 PM
Author: flushed contagious pit

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)



Reply Favorite

Date: February 26th, 2015 4:36 PM
Author: flickering red menage roast beef

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)



Reply Favorite

Date: February 26th, 2015 4:38 PM
Author: flushed contagious pit

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)



Reply Favorite

Date: February 26th, 2015 4:38 PM
Author: Carmine karate macaca

hw do u ppl hav so mch $$?

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



Reply Favorite

Date: February 26th, 2015 4:46 PM
Author: flickering red menage roast beef

I'm an old (relatively)

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



Reply Favorite

Date: February 26th, 2015 5:38 PM
Author: chrome spot

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)