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Old 03-11-2008, 01:12 PM
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Join Date: Oct 2007
Posts: 2
Angry Large deduction trigerring AMT

I had to buy tail insurance coverage (medical liability insurance) after leaving my last employer. When applying the cost as deduction under job expense it triggered the AMT and as a result the total tax benefit for taking this deduction is gone. Is it possible to spread this deduction in future years? Tail insurance coverages are for future years anyways.

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