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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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‎July 10, 2020
6:25 AM