02-08-2007, 11:58 AM
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 Re: Does IRA Deduction affect AMT? "Bewildered" <bewildered[at]yahoo.com> writes: - quote - > If I fall under AMT do I still get an IRA deduction?
Yes.Or more precisely, if you get an IRA deduction under the regular tax system, you also get it under the AMT. Or even more concisely, IRA deductions aren't added back in when computing AMT taxable income. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
02-07-2007, 11:29 PM
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| Does IRA Deduction affect AMT? If I fall under AMT do I still get an IRA deduction? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| affect, amt, deduction, ira |
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