Re: captial loss and AMT

In article <6cf2511d-7dc6-40a2-927a-cedda981853c@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
finecur <finecur@xxxxxxxxx> wrote:
Hi,

I have some stock loss carryover (-$1000) from 2006. I made $1500 in
stock in 2007 and my overall stock gain or loss in 2007 is about $500.
In the text return form prepared by my accountant however, I found the
$1000 carryover was addback to my AMT. Is this right? Does this mean
that I can not take any benefit of the -$1000 loss forever?



Were there two different schedules D prepared, one for AMT and
one for regular income tax?


If not, then ask your tax preparer why this was added to AMT
calculations.

--


ArtKamlet at a o l dot c o m Columbus OH K2PZH
.

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