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Level 4
May 10, 2025
Question

tax advisor

  • May 10, 2025
  • 1 reply
  • 6 views

Client estimates  CY 2025 TI of $521,00, of which $351,00 is LTCG ( $68,000 unrecaptured ). I inputted data into Tax Advisor correctly ( I believe ) and it came up with an additional  $ 21,000 AMT. Am I correct that AMT taxes LTCG at 15% before it taxes at 26%? I did a manual calculation with that assumption and AMT was lower than regular tax. 

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    1 reply

    BobKamman
    Level 15
    May 10, 2025

    Check your data input for missing zeroes.  

    bandb2Author
    Level 4
    May 14, 2025

    I checked my inputs. The Tax Advisor tax amount is high compared to my manual doing of form 6251. I talked with Proconnect. There is no way to backtrack and view their 6251 to mine.