Any Experts on Alternative Minimum tax?
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Date: March 25th, 2015 4:50 PM Author: indecent seedy codepig sandwich
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).
(http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27553632) |
Date: March 25th, 2015 6:31 PM Author: Red thriller candlestick maker Subject:
how though
stock options?
(http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27554216) |
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Date: March 27th, 2015 12:14 PM Author: indecent seedy codepig sandwich
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).
(http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27564561) |
Date: March 27th, 2015 12:33 PM Author: Aphrodisiac sinister athletic conference field
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.
(http://www.autoadmit.com/thread.php?thread_id=2838649&forum_id=2#27564648) |
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