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How the AMT affects long-term capital gain rates: tax advisers and their clients should be aware of the interaction between the capital gain tax rates and the alternative minimum tax (AMT) when planning for the realization of long-term capital gains (LTCGs). This article examines how the AMT...
To sum it up as a reminder, theCII number is used to compute the inflation-adjusted purchase cost of an asset in order to calculate LTCG on it when it is sold. This reduces the tax as the adjusted cost (which is higher) and not the actual cost is taken to calculate the capital gain...