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AMT Carry Forwarded

KP-SINGH
Level 1

One of my client has AMT in TY 2016 and 2017 but it is not being carry forwarded to 2017 as well to  2018 by the pro series itself. Do i have to do it manually. I need help in this regards.

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itonewbie
Level 15

AMT does not get carried forward but MTC does.  You may have an MTC if the AMT was triggered by deferral items and/or AMTFTC 90% limit.  AMT triggered by exclusion items has no impact on subsequent tax years.

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Still an AllStar

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1 Comment 1
itonewbie
Level 15

AMT does not get carried forward but MTC does.  You may have an MTC if the AMT was triggered by deferral items and/or AMTFTC 90% limit.  AMT triggered by exclusion items has no impact on subsequent tax years.

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Still an AllStar
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