KarenJ2
Expert Alumni

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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