Amended Tax Returns and AMT Carry Forwards

[ldgjster]

I need to file an amended tax return for 2022. I found an error that I must correct which will result in payment of the AMT and then an AMT carry forward.  

I know how to amend the 2022 return, but do I also need to file an amended 2023 return to make sure that the AMT carry forward is tracked until I can use it? (It would be the only change to my 2023 return and won't change the tax owed as I had no use for the AMT credit that year.)   I have not yet filed 2024 and will not do so until I amend 2022 and (if necessary) also amend 2023.  Also, once I complete and file the amended 2022 return, will TurboTax Live correctly populate an amended 2023 return with the changes that were made for 2022?   

Thanks!!

[JohnB5677]

No, you do not have to amend the 2023 tax return for an AMT carry forward if it will not impact the tax that is owed.

I certainly encourage you to include it on your 2024 tax return.

Amended returns

To post this to TurboTax

 Select Tax Tools

• This is on the left sidebar
• You may have to minimize the Federal and State options
• You also may have to scroll down on that menu

1. Once you can work on Tax Tools
2. On the drop-down select Tools
3. There will be 3 or 4 green boxes
4. Select Topics Search
5. Type AMT
6. Scroll to AMT prior year credit
7. Continue through the questions.