Questions tagged [alternative-minimum-tax]
The alternative-minimum-tax tag has no usage guidance.
38
questions
2
votes
2
answers
338
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Tax Implications of exercising both NSOs and ISOs
My partner and I are trying to figure out the correct tax strategy to exercise the largest amount of ISOs without triggering Alternative Minimum Tax (AMT).
Situation
Filing Status: Single
Strike ...
2
votes
2
answers
444
views
With zero earnings aside from long term capital gains, when would AMT and/or NIIT kick in?
Lets say I have absolutely no job/income/dividends/etc except for some long term capital gains, not related to stock options. Lets just say a standard purchase-low then sell-high of some stock. ...
- 123
3
votes
2
answers
494
views
Refiguring for AMT, detailed instructions
I really wanted to understand my federal taxes, so I decided to prepare them for 2023 "by hand" using the fillable PDF forms offered by the IRS. No problems -- except for one thing. I'm now ...
- 651
2
votes
1
answer
600
views
Recouping AMT paid from exercising ISO Stock Options when sold
Three years ago (2020), I exercised a sizable amount of ISO Stock Options, which resulted in AMT in that year. Let's say the strike price was $50 and the FMV was $100.
Since then, the company went ...
- 33
4
votes
2
answers
202
views
Why does the credit for prior year AMT exist?
The ways in which the US alternative minimum tax (AMT) differs from the regular tax fall into two components: excluded deductions (e.g., state taxes) and disallowed deferrals (e.g., exercising ISOs (...
2
votes
4
answers
888
views
Would allowing my company to pay me less in order to donate that money to charity lead to net increase in charitable donations?
To give context for this question I first need to explain that I am lucky enough to make very good salary, and also live like I'm on minimum wage, which allows me to donate a pretty decent percentage ...
- 1,206
1
vote
0
answers
71
views
AMT and Child Tax Credit
I'm trying to figure out at what point AMT might hurt me, because I just received from stock options from my employer and am considering the benefit of exercising. I worked through form 6251, but I ...
- 223
1
vote
2
answers
399
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Are nonresident aliens filing the 1040-NR eligible for the $72,900 AMT exemption?
Do non-resident aliens receive this exemption amount when filing our AMT taxes on form 6251? I want to make sure because I read here:
https://www.hhcpa.com/blogs/income-tax-accountants-cpa/amt-risk-...
- 123
4
votes
2
answers
337
views
When paying AMT, might it make sense to take standard deduction even if it's more expensive?
Due to an ISO exercise, I must pay AMT this year. But this was a one-time thing: I will probably not need to pay AMT next year.
Since ISO exercises are considered a "deferral item", my ...
- 3,131
2
votes
0
answers
119
views
AMT ISO deferrals for nonimmigrant. Sold shares after leaving US
I lived in the US from 2013 and 2016 on an E-3 nonimmigrant visa.
As part of my full-time employment contract, I was granted ISO shares in a pre-IPO company.
I exercised most of the vested shares in ...
- 21
3
votes
1
answer
524
views
US Tax implications? Bought stock options, paid AMT, company acquired at a loss, options worthless
Scenario (numbers are for illustrative purposes only):
2017: I exercised options when I left my former employer (startup, not public).
Exercised 100% of 10,000 ISOs, common stock.
At a strike price of ...
- 131
5
votes
1
answer
208
views
Dividing capital gains over 2 calendar years
I was reading through some investment brokerage literature and came across this caption
Long-term capital gains & AMT
Realizing a capital gain that's large in comparison to the rest of ...
- 1,441
4
votes
1
answer
406
views
ISO exercise limit before triggering AMT
With recent 2018 changes to AMT, I wanted to understand how much ISO options can I exercise without making a material difference in AMT
Scenario
Current income 200k
Claiming standard deduction for ...
- 43
1
vote
1
answer
44
views
What is earned income from the 2016 Exemptions Worksheet
I'm working through my federal 1040 and form 6251. For line 29 on form 6251, there's a worksheet in the instructions (pg 10) that asks for earned income on line 8.
Since line 2 of that worksheet asks ...
- 167
4
votes
1
answer
291
views
Purchase Stock but cannot pay AMT
I was released by my company and I had to purchase my ISO's within 60 days of leaving the company or lose them. The issue is to purchase them would mean around a $1.2m AMT & State Tax Bill next ...
- 41