As I understand it, AMT is a function of income and deductions; too many deductions for the level of income and some of them don't count. Is all income created equal? If I am in trouble this year, should I take some profits on stocks, or do capital gains not count? I suppose the other thing to do is to try to defer deductions until next year. Any other suggestions? (next year doesn't look to be a problem.)
- posted
17 years ago