Re: [vpFREE] Advanced Tax question: Not the basics

 




---In vpFREE@yahoogroups.com, <007@...> wrote:

Another issue, which I recently learned about the hard way, is that
high enough itemized deductions will trigger an alternative minimum
tax, although, for all I know, it may not apply to gambling losses.

I normally deduct several million in gambling losses, and so far have never had to pay an AMT, so either it doesn't apply to gambling losses or the trigger point is high enough that anyone it would apply to probably wouldn't be looking towards this group for tax advice.

__._,_.___
Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (8)
.

__,_._,___