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?