Lagniappe
Recycles dryer sheets
- Joined
- Mar 21, 2006
- Messages
- 406
I've spent several months talking myself into rebalancing my portfolio, and finally bit the bullet - moved most of it to DFA funds, with an allocation I believe I'll be comfortable with for some time to come. Focused on moving funds where I had long term capital gains, thinking 15%, how bad can the taxes be. After entering the sales into quicken, suddenly I have a 5 figure AMT?!?!
Apparently, although I pay 15% on the long term gains, the gains push my other income into a higher tax bracket, and presto change-o, AMT. Can anyone point me to a good explanation of what Quicken is telling me? I probably need to figure this out before January 15 when estimated taxes are due.
I think I'll be using a tax preparer for the first time in a really long time this year. How does one find a reputable, reasonable tax person in a new area? I'm in Northern California.
Apparently, although I pay 15% on the long term gains, the gains push my other income into a higher tax bracket, and presto change-o, AMT. Can anyone point me to a good explanation of what Quicken is telling me? I probably need to figure this out before January 15 when estimated taxes are due.
I think I'll be using a tax preparer for the first time in a really long time this year. How does one find a reputable, reasonable tax person in a new area? I'm in Northern California.