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Old 08-03-2016, 12:52 AM
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best tax strategy

Hi,

This is roughly our tax situation.
Spouse 1 income: $400k
Spouse 2 income: $100k

Property tax: $15k
Mortgage interest: $25k

State tax withheld (spouse 1) :$40k
State tax withheld (spouse 2) :$10k

What is the best tax strategy? We are getting hit by AMT. Filing joint or filing individually. I was thinking filing individually and tagging the property tax and mortgage with spouse 2 might be better idea?



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