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Posted

I have two clients that have had large ISO's over the past several years (one is employeed by a bank). I was having a problem with Part IV of 8801 because nothing was computing as prescribed by HR 1424 signed on 10/3/08. Then after some frustration I discovered that I needed to answer Yes to line 29 question in regards to 2005 carryover to 2006.

I was amazed by the results; one client received $60K and the other $70K in Tentative Refundable Credits.

Am I dreaming or vegged out? Anyone else experience this? I am wary about telling the clients of the amount until someone sobers me up.

Posted

You are not dreaming, and I bet those clients will be as happy this year as they were disgusted back when they had those big AMT hits!

Thanks KC. I'll send you a bottle of vodka tomorrow (not Ruskie vodka).

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