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Get your taxes done using TurboTax
No. I will stand by my original advice. All of the activity and concern you addressed are reported in Form 1116 comp worksheet. Unless you were required to pay AMT taxes this year, you do not need Form 1116-AMT or Schedule B in your return. The IRS are just not interested in these unless you have to pay alternative minimum taxes this year and need to produce a reconciliation form.
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‎February 18, 2025
10:14 AM