Alternative Minimum Tax

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  • #187729

    Hi All,

    Anyone have a way of conceptually explaining the idea of AMT calculation. Even thought there are few questions (for Becker) I am struggling with both he concept and more importantly the calculation.

    Thanks!

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  • #586538
    TigerWoods
    Member

    If you make too much money, the government wants to ensure you pay a certain amount of taxes. You won't be allowed to take certain itemized deductions and must make adjustments to your taxable income to come to an AMTI amount.

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