Rental Income And AMT Taxation Issue
Hi all,
This has been a great forum. I have been getting a
lot of valuable inputs from veteran landlords.
Here is a scenario that i forsee. With the way the
AMT is computed, my guess is that with the rental
income, we will get into the AMT levels for the next
year.
The heartburn being that the overall gain from the
rental after paying mortgage/taxes/overhead is
gonna be like less than $1K for the year.
How can i structure the rental ( actually our primary
home), such that only the positive cash flow will
flow thru to us as "real" income.
Any easy way to circumvent the AMT tax hit?
Will need to have the new tenant sign the rental
agreement next week.
Thanks
Krish
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