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Investors & landlords
So I need to adjust the cost basis on my AMT AND my regular tax capital gain to be the purchase price?
In that example, the new cost basis will be $102, leaving my capital gains to be -$55/share (or -$4,500 total), and this is reflected on both my AMT and my regular taxes, or only used for my AMT calculation?
March 29, 2023
1:51 PM