to Bayfamily: How to pay a bit AMT when you have 200K income?

AMT rules out most deductions, e.g. mortgage interests and local taxes. Once triggered, you have to pay at least 28% tax. How could you pay a bit AMT? Nothing else, just want to discuss and learn from you. Thank you in advance.

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BayFamily: 800k+ loan and 200k income (w2) -soccer123- 给 soccer123 发送悄悄话 (155 bytes) () 02/28/2007 postreply 19:33:24

not related to your interest. Your income tax + property tax -飘雪的日子- 给 飘雪的日子 发送悄悄话 飘雪的日子 的博客首页 (12 bytes) () 02/28/2007 postreply 19:46:13

AMT also is Your income tax. -soccer123- 给 soccer123 发送悄悄话 (232 bytes) () 02/28/2007 postreply 20:59:35

print a 1040 form, schedule A, and AMT forms -BayFamily- 给 BayFamily 发送悄悄话 BayFamily 的博客首页 (65 bytes) () 02/28/2007 postreply 21:15:26

按你的收入,房贷利息老早就开始phase out了 -搞不懂就问- 给 搞不懂就问 发送悄悄话 (0 bytes) () 02/28/2007 postreply 21:36:28

interest has nothing to do with AMT -bayfamily- 给 bayfamily 发送悄悄话 bayfamily 的博客首页 (159 bytes) () 02/28/2007 postreply 20:17:05

Even though you have big mortgage interests -U6D3- 给 U6D3 发送悄悄话 (185 bytes) () 02/28/2007 postreply 21:05:10

ok -bayfamily- 给 bayfamily 发送悄悄话 bayfamily 的博客首页 (50 bytes) () 02/28/2007 postreply 21:13:56

回复:interest has nothing to do with AMT -soccer123- 给 soccer123 发送悄悄话 (164 bytes) () 02/28/2007 postreply 21:32:08

回复:interest has nothing to do with AMT -ChinaPine- 给 ChinaPine 发送悄悄话 (409 bytes) () 03/01/2007 postreply 07:59:17

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