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Get your taxes done using TurboTax
Thanks for the additional detail. I did fill out the form manually and now I see that this isn't just about AMT.. or TMT by itself.. it really comes down to whether or not your Net Regular Tax (regular tax minus credits) is less than the TMT.
So .. even though I owe taxes.. and have no AMT.. because my NRT is less than my TMT.. I can't take this credit. I have a bunch of kids.. so even without my EV credit I would never have a large enough gap between my NRT and my TMT to squeeze this in.
It looks like Turbo Tax is calculating it correct.. it might help if they put that detail on their 8911 page so people understand.
Anywho, what a bunch of $#!+ 🙂
‎March 4, 2020
8:18 AM
2,404 Views