3 ms·

Not under AMT.

• mercutio2 11y ago
  [edit] I misread your post, my bad! I originally responded to HELOC vs. mortgage interest, sorry. Yes, the AMT interaction with municipal taxes is a sizable pain point.
  • phamilton 11y ago
    "fwiw you do get to deduct property taxes from your taxable income." property taxes != mortgage interest EDIT: OPs ninja edit/delete makes this comment seem quite confusing. It was in response to OP getting confused and talking about mortgage interest.