Individual AMT, what does the +/- adjustment and preferences mean?

  • Creator
    Topic
  • #174047
    kobebryant168
    Participant

    Hey guys

    Does anyone understand about the AMT section +/-

    which adjustments/preferences belong to the minus side and which ones are on the plus side

    Thank you!

Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #376926
    Anonymous
    Inactive

    The AMT deducts property tax, state and local tax . home-equity loan interest ( not the home improvement deducation ), medical expenses (uptil 10%), and various other itemized deduction which is replaced lump sum exemption.

    it's very well explained in becker .

    #376927
    mopena14
    Member

    Jeff has an old youtube video that explains this very simply, I watched it a bunch when I passed REG.

    BEC 73, 71, 79 (1/3/12)
    AUD 48, 70 (1/31/12), 85 (4/9/12)
    REG 70, 61, 77 (2/29/12)
    FAR 42, 74 (5/29/12), 80 (7/16/12)
    Ethics - 98 (4/20/12)
    Officially a CPA (8/9/12)

    #376928
    Anonymous
    Inactive

    Do you know where I could find the link to that video? I could also use some clarification on AMT!

    #376929
    no.cruncher
    Member

    Might have found it… last 1/3 of video…

    https://www.youtube.com/watch?v=gUNLlafWGyo&feature=plcp

    FAR - 7/16/2012 *76 : 2.5mo [Exp. 1/2014]
    AUD - 8/31/2012 *82 : 1mo
    REG - 11/27/2012 *83 : 2.5mo
    BEC - 2/27/2013 *80 : 2.5mo LET'S DO THIS!!!
    Ethics - 3/13

    [ 2011 Kaplan Self Study - Textbook, MP3s, FlashCards ]

    CMA... Hmmm...???

Viewing 4 replies - 1 through 4 (of 4 total)
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