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Generating individual Form 8801, Credit for Prior Year Minimum Tax

SOLVEDby IntuitProConnect Tax3Updated January 19, 2022

This article will assist you with entering information for Form 8801, Credit for Prior Year Minimum Tax - Individuals, Estates, and Trusts, in the Individual module of ProConnect.

Follow these steps to generate Form 8801 for an individual return:

  1. From the left of the screen, select Credits and choose Recovery Rebate, EIC, Residential Energy, Oth Credits.
  2. Click the three dots at the top of the screen and select Minimum Tax.
  3.  Locate the Minimum Tax Credit (8801) section. 
  4. Enter the Minimum tax credit carryover, if any, from the prior tax year.
    • This amount doesn't proforma to the next year. The amount will flow to Form 8801, Part II, line 19.
  5. Under the 2020 Form 6251 subsection, enter the following fields:
    • Taxable income (lines 1 and 2e)
      • This will flow to Form 8801, Part I, line 1.
    • Exclusion items
      • This will flow to Form 8801, Part I, line 2.
    • Tax less foreign tax credit (line 10)
      • This will flow to Form 8801, Part I, line 14.
    • Alternative minimum tax (line 11)
      • This will flow to Form 8801, Part II line 16.
  6. Under the 2020Schedule D Tax Worksheet, enter the following fields:
    • Line 13 or qualified dividends and CG tax worksheet, line 6
      • This will flow to Form 8801, Part III, line 28.
    • Schedule D, line 19
      • This will flow to Form 8801, Part III, line 29.
    • Line 10
      • This will flow to Form 8801, Part III, line 30, if the amount is smaller than the total of Form 8801, lines 28 and 29.
    • Line 14 or qualified dividends and CG tax worksheet, line 7
      • This will flow to Form 8801, Part III, line 35.
    • Line 21 or qualified dividends and CG tax worksheet, line 7
      • This will flow to Form 8801, Part III, line 35.
  7. Enter the Foreign earned income/housing exclusion, if applicable.
    • This will flow to Form 8801, Part I, line 11.
  8. Enter the Itemized deductions or exclusions related to excluded income, if applicable.
    • This amount will be subtracted from the Form 8801, line 11 amount in order to properly compute the tax.
  9. Enter the Minimum tax credit net operating loss, if applicable.
    • This will flow to Form 8801, line 3.
  10. Enter the Minimum tax foreign tax credit, if applicable
    • This will flow to Form 8801, Part I, line 12.
  11. Enter the Unallowed electric vehicle credit, if applicable.
    • This will flow to Form 8801, Part II, line 20.
  12. Enter the Net gain on disposition of U.S. real property (1040-NR), if applicable.
    • This will flow to Form 8801, Part I, line 10.
  13. Enter the Filing status (if the filing status in the current tax year is different than the prior tax year)
    • Enter the number from the following table that corresponds to the taxpayer's prior tax year filing status, if it was different from the current tax year filing status. The program uses this entry to calculate the dollar limits on Form 8801. If the taxpayer's current tax year filing status is the same as the prior tax year, leave this input field blank. 

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