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Pimco Municipal Income Fund II Message Board

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  • cryptomeria12 cryptomeria12 Nov 4, 2010 9:29 PM Flag

    NAV = 11.06

    Does anyone know if PML has exposure to the alt min tax? In the annual report of 31 May 10, the report states that this fund is 97.50% free from AMT. I take that to mean that us share holders will have to make out AMT forms. Am I wrong? If you have the annual report, see page 45. Does anyone out there have ever made out AMT forms?

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    • The fund companies will send 1099's with details. Doubt that they would send you the filing form. If you need it then you can download from the irs just like your 1040 form and publication.

      Am using a tax software package that automatically detects the need for AMT calculations and prints out or electronically transfers the appropriate forms.

      Your 1040 publication has a calculation that tells you if you need file using the AMT. Also there is some sort of web based AMT assistant on the IRS web site,

      Many PIMCO muni funds try to be AMT free and 97.5% is darn close.

      The fact that a portion is subject to add back for AMT does not mean that you will automatically have to use the AMT tax table.

      I've only fallen into it once and that was when cashing out employee stock options.

13.86+0.08(+0.58%)Jun 24 4:02 PMEDT