Is there a limit to AMT loss?

July 23, 2001

Subject:   Incentive Stock Options
Date:   Tue, 3 Jul 2001
From:   Gregg


When calculating the adjusted gain or loss on Line 9 of Form 6251-AMT, do you know if the AMT loss limited to $3,000??

Gregg Bernicker


Date:   Mon, 9 Jul 2001

Hello Gregg,

Yes. See the instructions to Form 6251. AMT capital gains and losses are computed on a separate Schedule D, and the $3,000 capital loss limitation separately computed and applied for AMT.

Good luck!

Mike Gray

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