My question regards avoiding the AMT. It appears that this year I will bump into it unless I make a couple of changes. The simplest idea I can come up with is to make “catch-up” contributions to my 401 K since I am over 50 and thereby lower my net income. Will this lower figure apply to the AMT limits? I am close enough that this contribution would do it if it applies. If not I will have to restructure a bit to do some avoidance.
Also, I would like to take a long term position in the new dividend fund Vanguard is opening, but do not want to start down the same path with earnings that apply to the AMT. Any knowledge shared would be appreciated.
I posted this question on diehards, so if you frequent both please don't get upset. These are my two favorite financial boards.
John
Also, I would like to take a long term position in the new dividend fund Vanguard is opening, but do not want to start down the same path with earnings that apply to the AMT. Any knowledge shared would be appreciated.
I posted this question on diehards, so if you frequent both please don't get upset. These are my two favorite financial boards.
John