KeshaH
Expert Alumni

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The difference between your regular tax loss carryover and AMT carryover usually comes from how certain deductions and income are treated differently under the two sets of rules. Some expenses that are deductible under regular tax rules might be limited or not allowed at all under AMT calculations.

 

You can review how your AMT losses were calculated by reviewing your prior year Forms 6251 (Alternative Minimum Tax) from your tax return.