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Get your taxes done using TurboTax
I do see this as guidance in TurboTax. Next to the field "Adjustments or preferences treated as exclusion items" there is a "Learn More" link, which directs to the following text: "What can I enter as an exclusion item? If you filed Form 6251 last year and it contained exclusion items on line 27, you can enter the total of these lines here. An exclusion item is permanently nondeductible for AMT purposes, as opposed to a deferral item which will reverse in later years."
I did some research online and it looks like maybe the right thing for me to enter here is last year's standard deduction, which I took ($24,000). Does that sound like a plausibly correct way to fill out this line item?
March 24, 2020
7:55 AM