I have $110,000 of income, nearly all of it dividends. I have huge deductions, so 1040 comes up with no tax.
I expected to get caught by AMT, but that comes up zero also. Is that a reasonable result that I should accept, or should I start looking for errors?
========================================= MODERATOR'S COMMENT: What are your deductions? If they are mostly state/local income taxes and property taxes, that tends to drive up AMT. But if they are Schedule C expenses, qualified home mortgage acquiition debt, charitable deductions, those favor lower/low AMT.