Quote:
Originally Posted by ndabunka
Bottom line is that if you make more than $88K , your going to be hit with the AMT.
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That is not true. I made considerably more than $88K and did not pay AMT. However, I did spend a lot of time analyzing pitfalls to make sure that I did not hit AMT, shifting income to 2007 and having some bank notes pay only interest at maturity. A good CPA can help you but it needed to be done last year.