I'm contemplating about selling a house while the market is still hot, but I'm afraid AMT may kick in due to the large capital gain... I have quite a few itemized deductions, including foreign tax credits...
Does anybody have any experience with AMT? Are there any guides online or in print?
I got killed on AMT because of stock options. I then found out that most CPAs don't know how to deal with AMT or how to retreive credits in future years.
I can vaguely remember my tax class back in college, where we did AMT calculations and returns. I would check with an enrolled agent or CPA specializing in tax issues about this.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.