I think AMT kicks in way less than $100,000 per single.
Anybody know the details on AMT?
I just know it has been dogging us for years. We’re big savers and ususally pay cash for everything except houses.
We were hit pretty bad in 1987 because we bought a condo in NYC that was beyond our means and had to put down a huge downpayment – thus cashed in $$stock$$ – totally uanware of the AMT.
