- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are nonresident aliens filing the 1040-NR eligible for the $72,900 AMT exemption?
Do non-resident aliens receive this exemption amount when filing our AMT taxes on form 6251? I want to make sure because I read here:
https://www.hhcpa.com/blogs/income-tax-accountants-cpa/amt-risk-foreigners-selling-real-estate/
A ‘special’ rule applies to nonresident aliens that effectively denies the benefit of the individual exemption amount for AMT purposes. As a result, nonresidents may find themselves subject to both regular U.S. tax and AMT.
Can someone confirm this?
October 9, 2020
5:33 PM