Are capital gains & QDI subject to AMT?
e.g. let's assume a total income of $150 bond interest and $1 mil LTGC and std deduction of $13K. Is any portion of the LTCG subject to the 28% AMT?
TIA
- posted
4 years ago
Are capital gains & QDI subject to AMT?
e.g. let's assume a total income of $150 bond interest and $1 mil LTGC and std deduction of $13K. Is any portion of the LTCG subject to the 28% AMT?
TIA
Yes, CG may be subject to AMT, even under TCJA rules.
Ira Smilovitz, EA
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