SusanY1
Expert Alumni

Get your taxes done using TurboTax

If you don't have the "AMT" version of the Form 1116 on file (especially the 1116-B for carryovers) and have AMT in the future, you would have to go back and recalculate all of the prior year returns that could have carryover amounts on them.  Therefore, by default TurboTax (and all other programs, as far as I know) figure both regular and AMT 1116 figures and include these with the return so that accurate information is available in future years as needed. 

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