xtlin[at]yahoo.com (Eddie Lin) writes:

- quote -

It cannot. Your AMT is being caused by something else.

Have you looked at the Form 6251 that TT generates?
What did it add back into your income?

Remember that state income tax, property tax, and
even personal exemptions are disallowed under the AMT.

And did you have a lot of gross income? High gross
income both phases out the AMT exemption and is taxed
at 26% or 28% under the AMT, both brackets being higher
than the big 25% bracket under the regular tax. That's
another typical AMT cause.

- quote -

The property tax deduction certainly could matter, since
property tax isn't deductible under the AMT.

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

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I am a bit surprised by the TurboTax output when it
concluded that I own Alternative Minimum Tax. The only
thing I can think of is buying company stock at ESPP. I
have no other investment related transaction. The stock was
bought at below market price due to discount and held so
far. I looked at the W-2 form and do not think it is
reported anywhere. How could it trigger AMT ?

Thanks

Eddie

P.S. I have some mortgage interest and property Tax
deduction. but I can not see how that relats to AMT.

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