wallace_cpa[at]msn.com wrote:

- quote -

Because being tax-exempt is not a reason by itself to make
them subject to AMT. The only type of muni bond subject to
AMT is a private activity bond. If you bought the bond, then
your confirmation would have told you if it was subject to
AMT, i.e., it is a private activity bond. If the bond is
held in an investment account you may need to ask the
company. If the bonds are in a mutual fund you own, then
the 1099 has to tell you how much of the exempt interest is
subject to AMT.

--
Alan
http://taxtopics.net

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Because they aren't Industrial Development or other bonds
subject to AMT. Very few TEs are subject to AMT.

ed

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Why the heck isn't PR Muni Bonds subject to Alt Min if it's
both Federal and State tax exempt??

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