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HOW TO GET CREDIT FOR ADDITIONAL MINIMUM TAX (AMT) PAID IN PREVIOUS YEARS
In 2016 I sold a rental property and had to pay a substantial AMT. In 2017 I again had to pay an AMT because the sale of equities resulted in significant capital gains.
Turbotax generated Form 6251 in both years.
I had no unusual income in 2018 and am not required to pay an AMT.
May I ask why Turbotax is not generating a "Credit for Prior-Year Minimum Tax --Form 8801"? How do I get a credit from the AMT paid in 2016 and 2017?
Turbotax generated Form 6251 in both years.
I had no unusual income in 2018 and am not required to pay an AMT.
May I ask why Turbotax is not generating a "Credit for Prior-Year Minimum Tax --Form 8801"? How do I get a credit from the AMT paid in 2016 and 2017?
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‎June 3, 2019
10:32 AM