No. of Recommendations: 1
And as an aside, the Q1 report was penned in the latter part of April, so that expectation could be deemed to be as of that date. I imagine some decent amount of stock sales (Apple) had already taken place by then. So, though I don't necessarily believe it, that comment could have taken into account a lot of sales: if enough of the anticipated 2024 taxable profits had already been realized taxable profits, then it would create the expectation that the AMT wouldn't apply. By March 31 there was already $14.2bn in taxable realized profits, which moves things in the direction of ensuring that all taxes on gains would be taxes on realized gains.
Highly unlikely. Berkshire used the same language in 2023 10-K & 10-Qs when there were no large stock sales.
