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Deductions & credits
For some reason I am being asked the same. For 2021 I have reported 107 Foreign tax credit, and for this year i have like 800. All this triggers the AMT.
However, I chose itemized deduction instead of Taking a credit i am not hit with AMT. I lose the credit, but I don't have to deal with AMT.
Why should AMT be triggered by such small amount? It looks like it is better to take Itemized Deduction at the end
March 12, 2023
7:14 PM