IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: WallStBum who wrote (453)	8/20/1998 1:14:00 PM
From: Colin Cody	Read Replies (2) of 1383

State tax can trigger AMT as you've said! Splitting the tax between two PAYMENT years can certainly help! Going for an INSTALLMENT SALE maybe over 3 or more years can help. Taking a big withdrawal from taxpayer's IRA or other Pension plan (if of a high enough age) can get that money out in effect "tax free" when there's a big AMT issue. Going "delinquent" on 1/3rs of the State tax (after an extension until October 15, 1999) can spread it over three years easily too. For the $$$ involved the taxpayer should look at his WHOLE family tax and estate planning. Colin

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