My CPA warned I am severely exposed to the Alternative Minimum Tax this year, what specific common deductions will I lose and how do I strategically plan around the AMT?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

The Alternative Minimum Tax often changes the value of several common deductions, so the real impact depends on the mix of itemized deductions, income sources, and timing of income and expenses in the current year. Items that are frequently affected include state and local taxes, certain miscellaneo For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.