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Originally posted by RallyJon
OK. I got hit by it last year with less than $20k in dividend income and well under $300k in total income.
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Are you married? Were you filing jointly? If you were near $150k in income and filing individually -- depending on the sources of that income -- I could see you getting hit with the AMT.
You may not want to post the details of your situation, but are you clear about exactly what income caused you to owe the AMT? Maybe your tax preparer made an error?
The way the tax was originally structured, it was supposed to "hit" those with low "earned incomes" but with higher "investment" incomes, so I don't see how $20k in dividend income (assuming this is all your investment income) would trigger the AMT.