kamlet[at]panix.com (Arthur Kamlet) writes:

- quote -

Not quite. Cap gains are still AMT "gross income"
and can therefore cause a phaseout of the AMT
exemption (like any other AMT "gross income").
The effect of the phaseout is to boost all
the "advertised" marginal rates. Depending on
your overall situation, this could result in
an AMT liability, since the effective marginal
rate on the cap gains under the AMT would be
a bit higher than they are under the regular
tax (because of the effect of the AMT exemption
phaseout).

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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Lovefreak <lovefreak[at]aol.com> wrote:

- quote -

Capital gains and losses are no longer AMT preference items,
so they do not affect AMT any more or less than they affect
regular income tax,

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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Does anyone know if a long-term capital loss (from stock) is
accepted as a deduction when calculating your income for AMT
purposes? I think I'm close to paying AMT so I'm just
wondering if selling some stock that won't be coming back
for a loooonnng time might help lower my AMT chances.

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