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Get your taxes done using TurboTax
It is not very often that AMT tax paid in a prior year is refunded. Only items that create timing differences between AMT and Regular tax calculations can allow a tax credit for AMT. So if you paid tax on incentive stock options or depreciation timing differences you can generate a credit on Form 8801.
To locate this section in TurboTax: Click on Deductions & Credits, scroll down to the Estimates and Other Taxes Paid section, and click the Start button to the right of Credit for AMT Paid in Prior Year.
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February 24, 2020
7:43 AM