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Why would my capital gains and losses for AMT be different?
I followed 2022 return and the difference comes down to 'Capital Loss Carryover Worksheet' in line '9 Enter the loss from your 2021 Schedule D, line 15, as a positive amount '. There are 2 columns . 'Regular Tax' columns uses line of schedule D of line 15 from 2021. 'Alternative Minimum Tax' uses a different number that I don't know where it's coming from.
I usually file 1116. I think by mistake on 2021 I choose to use the non simplified method to fill 1116 for AMT purposes. On 2022 I went back to the simplified method. I am not sure why this would matter. I was never hit with AMT.
March 21, 2024
12:12 PM