2 ms·
Just one of the evils of the AMT. Imagine having tens of thousands of dollars in legitimate expenses that you cannot deduct, as doing so would trigger the AMT,
by unclebucknasty 11y ago
Just one of the evils of the AMT. Imagine having tens of thousands of dollars in legitimate expenses that you cannot deduct, as doing so would trigger the AMT, thereby increasing your tax bill.
This can include other taxes that you cannot deduct. So you are essentially paying taxes on taxes. Heard about the unfairness of the AMT for years and never really worried about it until it affected me.
The claims were not exaggerated. It's a mother.