VictoriaD75
Expert Alumni

Get your taxes done using TurboTax

For 2018, the 28% AMT rate starts when AMT income exceeds $191,500 for married joint-filing couples and $95,750 for others. You are allowed an AMT exemption, which is deducted in calculating AMT income. The TCJA significantly increases the exemption amounts for 2018-2025.

 

AMT would have been reported on Form 6251 in your tax return if it applied.

 

Carryover losses would be reported on Schedule D and the Capital Loss Carryover Worksheet.

 

If you used TurboTax in the past, your information should carryover into the current year. However, if you switched from a desktop version to online or vice versa, this will not happen automatically.

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