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Taxation & Estate Planning

: TaxProf Blog

Tax Court Upholds Application of AMT Even Though It Results in >15% Tax on Capital Gains

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The Tax Court on Tuesday upheld the application of the AMT to a taxpayer and his wife even though it resulted in an effective capital gains tax rate in excess of 15%. Fritz v. Commissioner, T.C. Summ. Op. 2008-81 (7/14/08).

Full post as published by TaxProf Blog on July 16, 2008 (boomark / email).

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