The Mind Money Spectrum Podcast

#109. A beginner's guide to the Alternative Minimum Tax.

March 08, 2022 Aaron Agte and Trishul Patel Season 3 Episode 5
The Mind Money Spectrum Podcast
#109. A beginner's guide to the Alternative Minimum Tax.
Show Notes

Need to know about AMT preference items, add backs, and exclusions? And how do AMT credits work?

In this episode, Trishul convinces Aaron to wade deep into AMT. They discuss Alternative Minimum Tax preference items, exemptions, adjustments, and exclusions. Aaron provides an example of how the AMT exemption matters when exercising ISOs and why you may not get all of your AMT credit back in future years. Without a doubt, AMT is a complex beast. But with luck, this episode will turn a few unknown unknowns into known unknowns.

Episode References
Graystone Advisor: Exercise your ISOs in January
AMT adjustments
How to calculate AMT
Who benefited from TCJA?
AMT income treshhold and exemption amounts
The Balance: What is AMT?
Private Activity Bond

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.