02-05-2004, 08:55 PM
| |||
| |||
 Re: AMT credit? "BMS" <mcfarland[at]yahoo.com> writes: - quote - > I was told that if you paid AMT in one year and didn't the
That's not true in general.> next, that you could get a credit of the prior year's tax in > the next. - quote - > I feel there is a detail missing here.
There is. You only get a credit for AMT causedby "deferral" preferences (like ISO exercises). You do NOT get a credit for AMT causes by "exclusion" preferences (like state and local taxes). -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
02-05-2004, 05:07 AM
| |||
| |||
| AMT credit? I was told that if you paid AMT in one year and didn't the next, that you could get a credit of the prior year's tax in the next. I feel there is a detail missing here. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| amt, credit |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Charge/credit backwards on credit card cbspamtrap@gmail.com: Hi, I set up a new credit card account in Money 2006 and used online services to update the transactions. It downloaded without reporting... | Microsoft Money | 3 | 03-06-2006 01:19 AM | |
| Changing credit limit for credit cards in Money 2005 Josh: I can't seem to find a way to change the credit limit that is specified in the "Credit Information" section of the account details. Any help with... | Microsoft Money | 2 | 01-14-2005 03:02 AM | |
| Money 2004 no more Credit Expert Experian full credit reports Z-66: 2004 has 1 year free credit reports, 1 every month. Now I am only able to get credit SCORE not the full report as in past and I know I have not... | Microsoft Money | 4 | 10-09-2004 05:29 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
