JoannaB2
Expert Alumni

Get your taxes done using TurboTax

Yes, if you filed taxes with Turto tax last year, the AMT dialog box will come up automatically.  It's an alternative tax that calculates along with your regular tax. Below are simple instructions to enter or clear AMT.

  1. Login to Turbo Tax
  2. Under Other Situations tab, click Alternative Minimum Tax, then click start.
  3. Next screen, "Let's See if  you need to pay AMT this year"
  4. Read the screen, you must answer yes or no.  
  5. Select yes, if you have any common deduction in 2020 such as standard deduction, state and local taxes paid, and excess ISO.
  6. On the screen " Do you have any of these uncommon situations" will deternine you need to pay alternative minimum tax. Below is a screenshot of the screen.