Solved: I have a few clients that have paid the AMT for several years and are now receiving the AMT credit. I use the Basic program and and not sure if this is correct. Advise

ricohen1953-aol-com · ‎12-07-2019

itonewbie · ‎12-07-2019

Agree with Susan that you need to review F.8801 carefully. I'd start with F.6251 from last year and identify the deferral items that shouldn't be included on F.8801. If you have AMTFTC, there'd be a more involving calculation.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

itonewbie · ‎12-07-2019

Agree with Susan that you need to review F.8801 carefully. I'd start with F.6251 from last year and identify the deferral items that shouldn't be included on F.8801. If you have AMTFTC, there'd be a more involving calculation.

---------------------------------------------------------------------------------
Still an AllStar

sjrcpa · ‎12-07-2019

In theory it is correct. Review the Form 8801

Ex-AllStar

Marc-TaxMan · ‎12-07-2019

My barber says it's all good.

I have a few clients that have paid the AMT for several years and are now receiving the AMT credit. I use the Basic program and and not sure if this is correct. Advise

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.