"Tad Borek" <borekfm@[EMAIL PROTECTED]
> wrote
> Well that dinkytown one seems to skip over AMT,
Yup, the way it's incor****ated at Dinkytown is contrived.
You have to calculate it on your own. Maybe this is because,
as you pointed out recently, the AMT law has been altered
several times in the recent past.
Regardless, I thought of offering a caveat about the AMT in
my first and second posts, but on further reflection I
figured IRA conversion amounts would not trigger the AMT.
I'd say more on this but I do not want to belabor the
moderators.
> and break down when you have certain forms of income &
> deductions, but there should be better ones out there --
> perhaps the TurboTax software or site?
Since you keep mentioning it, the Turbotax web site is easy
to check. I expect the same pitfall with the AMT with it.
I think the big picture is being missed here. For a few good
reasons, right now only tax approximations are possible. Yet
people may be inclined to convert a.s.a.p. if the market is
down. So a few tools out there are available to help with
how much to convert. If necessary, one can refine this
further by recharacterizing after tax year 2008 rules are
more fixed sometime after say January 1.
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