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On High-Stakes Hearings Begin on AMT Reform contd #2:
Q
Are they trying to cheat the poor people again? How will this affect the average muni bondholder?
A
James A. Klotz responds:
Investors need to consult with their tax advisor to determine how the AMT is likely to affect their tax liability. Bondholders whose holdings are strictly non-AMT would not count interest earned on those bonds in their AMT calculation. Since tax-exempt bondholders are comprised of individuals with varying financial backgrounds and diverse portfolios, it is not possible for us to address the effect of AMT reform on the “average” bondholder. Your tax advisor/accountant will be able to assist you in analyzing your portfolio and recommending a tax and investment strategy tailored to your needs and situation.
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