If I don’t exercise or sell Stock options do I need to be concerned about alternative minimum tax (AMT)?
Yes, you do need to be concerned about AMT. There are other items that may contribute to AMT. For example, high income, state and local taxes including property and state income taxes, long-term capital gains, tax-exempt interest, medical expenses, various credits, to name a few. Each item is unique and needs detail explanation. We will be happy to assist you in tax planning to minimize your AMT exposure.
Related Questions
- Which of the following itemized deductions are deductible when computing the alternative minimum tax (AMT) for individuals?
- If I don’t exercise or sell Stock options do I need to be concerned about alternative minimum tax (AMT)?
- Are the energy efficient tax credits limited by the Alternative Minimum Tax (AMT)?
