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Any Experts on Alternative Minimum tax?
| Nudist location | 03/25/15 |
| fantasy-prone turquoise stag film skinny woman | 03/25/15 |
| Nudist location | 03/25/15 |
| magical razzmatazz ladyboy party of the first part | 03/27/15 |
| Chest-beating carmine telephone | 03/25/15 |
| Nudist location | 03/27/15 |
| Rose library brethren | 03/25/15 |
| Nudist location | 03/25/15 |
| irradiated outnumbered market dog poop | 03/27/15 |
| Nudist location | 03/27/15 |
| vigorous jewess | 03/27/15 |
| Nudist location | 03/27/15 |
| Nudist location | 03/28/15 |
Poast new message in this thread
Date: March 25th, 2015 4:50 PM Author: Nudist location I actually wasn't expecting to be subject to the AMT now that I live in a state without state income tax, but I'm playing around with turbotax and looks like I will.
Anyone else want to bash this TTT?
EDIT: Actual Stats:
$250k W-2 income, $7k interest/dividends cap gains, total = $257k
$Itemized deductions = $20k ($2.5k sales tax, $11k property tax,$6k mortgage interest, $.5k charity). |
Date: March 25th, 2015 4:54 PM Author: fantasy-prone turquoise stag film skinny woman #AMT #onepercenter #humblebrag (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27553651) |
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Date: March 25th, 2015 9:23 PM Author: Nudist location ;-( (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27555193) |
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Date: March 27th, 2015 12:15 PM Author: magical razzmatazz ladyboy party of the first part (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27564567) |
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Date: March 25th, 2015 4:56 PM Author: Chest-beating carmine telephone (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27553666) |
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Date: March 27th, 2015 10:02 AM Author: Nudist location are you named for the document management system? (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27563986) |
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Date: March 25th, 2015 6:31 PM Author: Rose library brethren Subject: how though
stock options? |
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Date: March 25th, 2015 6:53 PM Author: Nudist location I have none of the special stuff other than 2 kids. My property tax barely got above the standard deduction.
I think it is just the W-2 income doing all the work ($260k) |
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Date: March 27th, 2015 10:05 AM Author: irradiated outnumbered market dog poop With no state income tax are you taking a sales tax deduction? (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27563993) |
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Date: March 27th, 2015 12:14 PM Author: Nudist location Yes, here are the actual stats, posted in OP as well.
$250k W-2 income, $7k interest/dividends cap gains, total = $257k
$Itemized deductions = $20k ($2.5k sales tax, $11k property tax,$6k mortgage interest, $.5k charity). |
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Date: March 27th, 2015 12:33 PM Author: vigorous jewess The charity and mortgage interest are irrelevant.
I got wiped out by AMT as well, but after paying $20,000+ in state taxes and $5,000 in property tax.
You should not be paying AMT with those deductions. |
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Date: March 27th, 2015 1:28 PM Author: Nudist location Yea, something seems off. (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27564903) |
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Date: March 28th, 2015 2:22 PM Author: Nudist location Ran it again, and I think it is the W-2 income. The AMT is a small amount right now (only $1000) but adjusting a bunch of other things like increasing dependents, etc. for sensitivity analysis results in the same overall tax. (http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27570692) |