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Can I deduct only some of the property tax actually paid to avoid AMT?
I prepaid 1/2 of my 2018 property taxes. Deducting the full prepayment triggers the AMT. But if I deduct only some of the prepayment, the AMT goes away and I no longer owe AMT. It works out best if I only deduct a certain amount of the prepayment. Is OK to do this?
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‎June 4, 2019
12:59 PM