It depends.
If you were subject to Alternative Minimum Tax in the past or if your return may be subject to it this year, you will need to wait until the form is available to file your income tax return. Please see the link below for the anticipated release date in TurboTax.
Federal forms release date
If your return was subject to AMT in prior years, you would need to enter the information to ensure your tax return for 2020 is prepared accurately.
You can log into TurboTax if you used the software in the past and obtain the returns to see your AMT for 2019, if applicable.
Accessing prior year returns in TurboTax
If you did not have AMT in 2019, you can go back into your federal return to reflect this information as well.
- Log back into TurboTax and go to the Federal interview section
- Select Other Tax Situations at the top of the page
- Under All uncommon situations, select Alternative Minimum Tax
- Proceed to answer the questions as prompted.
Your input in the federal section will also pull into your state tax return.
What is Alternative Minimum Tax
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