3 ms·

I'm confused. I bought shares this year and would be hit with 50K tax bill from AMT next year. Does this mean I don't owe AMT addition next year?

• harryh 10y ago
  You'll (very probably) still owe AMT taxes. Just because the house passes a bill doesn't mean it's a law. It also has to pass the Senate and be signed by the President (or go through the veto process).
  • k2xl 10y ago
    If this bill did pass, would I not owe taxes?
    • harryh 10y ago
      Unclear. Probably you still would. Generally new laws only affect future years though it can depend.