REG – AMT Charitable Contributions Add-Back

  • Creator
    Topic
  • #3084609 Reply
    etg1991
    Participant

    Hello, can someone tell me if charitable contributions are added back for AMT purposes? Becker says no, but I am using Ninja for MCQs and one question (#890) added charitable contributions back. I’m very confused now. Thanks in advance!

    AUD - 75
    BEC - NINJA in Training
    FAR - 75
    REG - 84
    Success is not final, failure is not fatal: it is the courage to continue what counts - Winston Churchill
Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #3086358 Reply
    Han
    Participant

    Hi, I believe that charitable contributions are not added back for AMT. Take a look at Form 6251. According to line 2a on the form, only “taxes you paid” on Schedule A are added back.

    #3086430 Reply
    Sam
    Participant

    I can only speak for Becker, but not adding them back is correct; Becker made it a point to specify that charity and home mortgage interest are NOT add-backs for AMT purposes.

    The only reason why I can think you'd add back charity is if too much was deducted by mistake, but that's a wild guess.

    BEC - 90 (7/19, 8 weeks)
    FAR - 78 (10/19, 10 weeks)
    AUD - 75 (12/19, 8 weeks)
    REG - 90 (7/20, ~12 weeks, split up)

    Ethics - 97 (~6 hours to go through the material & take the quiz)
    Licensed in Virginia (10/20, ~1.5 weeks to process after submitting everything)

    #3087000 Reply
    jeff
    Keymaster

    Hello – this sounded odd to me, so I double-checked and NINJA doesn't have the add back.

    Screenshot: https://www.dropbox.com/s/rvpcd29o4wnz5q0/NINJA-AMT.png?dl=0

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    Another71 | NINJA CPA
    #3087336 Reply
    sdollen64
    Participant

    Roger's review provides the following mnemonic for AMT – P L I E R S

    Private activity bond interest
    Local and statement income taxes, all property taxes and sales taxes paid
    Incentive Stock Options
    Excess depreciation on personal property
    Refunds on local/state taxes
    Standard deduction

    My teenage son to me "If you don't pass, it isn't like you'll die or anything."  True.  Very true.  Just do your best, it's all you can do.
Viewing 4 replies - 1 through 4 (of 4 total)
Reply To: REG – AMT Charitable Contributions Add-Back
Your information:





<a class="" href="" title="" rel="" style="" download="" target=""> <abbr> <blockquote class="" style="" cite=""> <div class="" style=""> <span class="" style=""> <code class="" style=""> <pre class="" style=""> <em class="" style=""> <i class="" style=""> <b class="" style=""> <strong class="" style=""> <del datetime="" class="" style=""> <h1 align="" class="" style=""> <h2 align="" class="" style=""> <h3 align="" class="" style=""> <h4 align="" class="" style=""> <h5 align="" class="" style=""> <h6 align="" class="" style=""> <ul class="" style=""> <ol class="" style="" start=""> <li class="" style=""> <img class="" style="" src="" border="" alt="" height="" width=""> <table align="" bgcolor="" border="" class="" style=""> <tbody align="" valign="" class="" style=""> <td align="" valign="" class="" style=""> <tfoot align="" valign="" class="" style=""> <th align="" valign="" class="" style=""> <thead align="" valign="" class="" style=""> <tr align="" valign="" class="" style="">

Return to Forum Home