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Deductions & credits
Then that is the reason.
Real Estate taxes are not a deduction for Alternative Minimum Tax (AMT). So if you are subject to AMT, the 'net effect' is that no deduction is allowed (technically, you get a deduction for 'regular' tax, but then your AMT is increased by that same amount).
Real Estate taxes are not a deduction for Alternative Minimum Tax (AMT). So if you are subject to AMT, the 'net effect' is that no deduction is allowed (technically, you get a deduction for 'regular' tax, but then your AMT is increased by that same amount).
‎June 6, 2019
9:57 AM