The AMT credit can be entered by following the steps outlined by our Tax Expert @RaifH and placed here for your convenience.
- Deductions & Credits > Estimates and Other Taxes Paid > Credit for AMT Paid in Prior Year.
- Enter the amount of your credit (AMT paid in 2018) in the box Form 6251, line 11 and Form 8801, line 26 (should have been included in your return as a carryforward credit in 2020).
- You will need the information from your 2018 tax return to complete this section
You can always amend your 2020 return to include Form 8801 after your file your current year return. You do not have to wait. Keep the 2018 return together with your 2021 tax return for verification of your information.
Who Should File Form 8801?
Complete Form 8801 if you are an individual, estate, or trust that for 2018, 2019, 2020 had:
- • An AMT liability and adjustments or preferences other than exclusion items (this applies to you).
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