There is no AMT component to your simple purchase and sale
of company stock. You had no *difference* in disposition of
property under AMT than regular tax to put on line 16. You
shouldn't even be on form 6251 for just this item, however,
if you had completed the second Schedule D for AMt adjusted
sales you would have gotton a 0 for line 16.

ed

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

arrayprofile[at]yahoo.com wrote:

- quote -

That is possible, though HRB usually does a decent enough
job with their software.

The more likely culprit is your data entry - though I must
admit that I'm not familiar with the softare and how it
works. Most computer problems, tax and otherwise, boil down
to GIGO issues. These are especially prevalent when it
comes to taxes.

Most people believe that they can prepare their own taxes,
either manually or with the help of some low cost software.
And for folks with simple, straight forward returns with no
complications this may be true.

But for more complex issues, including the AMT, there is no
substitute for professional interpretation. I would suggest
you contact a local tax pro and have your return done
professionally. The cost of an AMT mistake could easily be
more than the prep fee.

Good luck,
Gene E. Utterback, EA, RFC

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Hi, I am using H&R Block online software to figure out my
tax. It turns out that I have to pay Alternative Minimum Tax
(AMT). I had an Employee Stock Purchase Plan where I bought
$1500 company stock and sold it a few days later for $2000.
I have a short-term capital gains of $500 which I
understand. However, In the form 6251 for AMT calculation,
the software put $1500 on line 16 (disposition of property)
which simply means that all $2000 with which I sold my
stocks was taxable for AMT purpose. I don't undertsand why
this is the case, is it possible that the software made a
mistake here?

Thanks for input.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >