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New Member
posted Mar 14, 2022 3:07:29 PM

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
Intuit Alumni
Mar 14, 2022 6:05:49 PM

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

New Member
Mar 14, 2022 6:11:21 PM

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!

Expert Alumni
Mar 14, 2022 7:28:44 PM

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" 

 

New Member
Mar 14, 2022 7:50:23 PM

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.

Expert Alumni
Mar 16, 2022 7:47:59 AM

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

New Member
Apr 18, 2022 8:13:29 AM

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

Intuit Alumni
Apr 18, 2022 8:38:12 AM

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

Expert Alumni
Sep 26, 2022 7:53:52 AM

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.