Are all long-term capital gains taxed at 15% or are they they subject to additional alternative minimum tax (AMT)? Are the capital gains added to my earned income in determining if I owe additional AMT? What is the minimum amount of income I earn in which I will owe AMT? I am single with no dependents.

ANSWER

The BIDaWIZ Team's Answer:

For AMT purposes, capital gains are taxed at the regular rates, which are 15% for long-term gains this year. Capital gains are not added back to AMT as earned income. It's hard to say exactly if you will be hit with AMT, but generally if you have income over $75,000 and have big deductions as a jointly filer, you can be hit with AMT.