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I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Im amending prior returns to remove the AMT credit paid in prior years. However, the edit feature does not allow me to zero out the AMT
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8 Replies
CarissaM
Intuit Alumni

I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

It is showing with the tag after you file. Have you already filed your 2021 (this year) return?

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I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Greetings, I have not filed this years return but it’s pulling in an ATM credit from last year which was an error (I’m amending).  I click on Edit ATM in the deductions section and it just says congratulations you’re getting a credit.  No ability to edit.  I basically need to mark ATM credit as $0.00.

 

Thanks for any help!

KrisD15
Expert Alumni

I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Under Deductions and Credits (in the Business section if using Self-Employed or Home and Business) 

Scroll down to "Estimates and Other Taxes Paid"

Click "Show more" if needed to open

Scroll down to "Credit for AMT Paid in Prior Year" 

 

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I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Greetings, same issue, when I click into that section it just states “Congratulations, you’re getting a tax break.” There is no ability to edit or delete the credit. Im using the online premier version.

Cynthiad66
Expert Alumni

I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Let's try to just delete the form.

 

Follow steps below to delete your Credit for AMT Paid in Prior Year

  1. Open your return in TurboTax. .
  2. In the left-side menu, select Tax Tools > Tools.
  3. In the pop-up window Tool Center, choose Delete a form.
  4. Select Delete next to Form 8801 in the list and follow the onscreen instructions.

 

@jwmarburger

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I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

I have completed the steps for deleting form 8801 and it did not remove the AMT credit.  I have not filed 2021 taxes yet

CarissaM
Intuit Alumni

I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

It would be best to follow the instructions here to contact us by phone so we can better assist you. @MelanieAMT

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JohnS_CPA
Expert Alumni

I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Need to delete the CF worksheet via the Delete a Form process: From left menu select Tool  then Tax Tools then look for the CF Worksheet and delete the worksheet. Be sure there are no other carryforward other than AMT credit otherwise those will be deleted as well. This will delete the 8801 form and associated credit CF.

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