- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I think the AMT calculation is incorrect
I'm stepping through the software and am wondering if anyone has verified the AMT calculation for 2020? I really believe that the calculation is incorrect.
I have a simple return with wages and a lot of long term capital gains and qualified dividends which is why I think I owe the AMT. The AMT calculation for a married couple making over 197,900 a year should be (total income (line 15)+deductions (line 11) -113,400)*.28-3958. I ran through form 6251 and came up with that number but Turbo Tax says I don't owe and does not produce the form in the packet. The number that they calculate is not close to the number I came up with and form 6251 is not in the packet showing me their calculations.
The rep said "they don't provide the form because you don't owe" but it is impossible to show that the TT calculation is correct because they provide no proof.
I'd like a contact who can get me this info.