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bandb
Level 3
a week ago
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Client estimates CY 2025 TI of $521,00, of which $351,00 is LTCG ( $68,000 unrecaptured ). I inputted data into Tax Advisor correctly ( I believe ) and it came up with an additional $ 21,000 AMT. Am I correct that AMT taxes LTCG at 15% before it taxes at 26%? I did a manual calculation with that assumption and AMT was lower than regular tax.
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bandb
Level 3
Wednesday
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I checked my inputs. The Tax Advisor tax amount is high compared to my manual doing of form 6251. I talked with Proconnect. There is no way to backtrack and view their 6251 to mine.
