News Focus
News Focus
icon url

knute97

04/16/07 10:29 AM

#141377 RE: TinyPineTree #141317

TPT

Sorry for the late response, but the AMT would apply in either case. The only difference is that when the money is removed from an IRA, it adds the full amount as income. When it is a LT capital gain, it results in a lower income addition upon which the taxes are based.

K97