When calculating AMT taxes, does LTCG retains its preferential rates?
e.g. Let's say I have a $2 mil. LTCG and have no other income. Will I be paying 0-20% + 3.8% (NII) tax on the LTCG? Or 26-28%?
TIA
When calculating AMT taxes, does LTCG retains its preferential rates?
e.g. Let's say I have a $2 mil. LTCG and have no other income. Will I be paying 0-20% + 3.8% (NII) tax on the LTCG? Or 26-28%?
TIA
AMT Tax, DMZ Zone, ATM Machine... [chuckle]
When there was a Federal AMT, yes, although the boundaries for 0%/15%/20% differed.
Arthur L. Rubin, AFSP, CRTP
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.