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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Paul Senior who wrote (77979)1/15/2007 7:20:06 PM
From: schzammm  Read Replies (1) of 206184
 
This is the 3rd year(2006) in a row I will get caught by the AMT. My CPA explained to me that even if I had a bad year regarding LTCGs(even 80% less in 06 than 05) I would still get hit by the AMT since my state income deduction would be so large that it would trigger AMT by itself. It is not just based on income, any large deduction will trigger it.

PS Paul, might be time to look at BRY again.
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