Ah it's the AMT thing - I didn't realize property taxes don't count in AMT calculations. Hmm...this is actually just an exercise for next year so that's good to know. Do you know if it is allowable to divide up property tax paid and mortgage interest paid differently - IE can I have my wife deduct the property taxes since she will not be subject to AMT (we have to file separately for other reasons). I haven't had a mortgage in a few years, but I think it's possible to pay directly into escrow...so if I had my wife write a check specifically to escrow and I wrote mine to the non-escrow part of the payment that should work...things to think about I guess.
Thanks for the quick response - I was wondering where the direct access to 1040 forms was hidden as I suspected it was something like that - hard to debug from the "simplified" view.
