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State tax filing
There is a section in TurboTax for the Alternative Minimum Tax (AMT). It is in the Other Tax Situations section. You need to go through that section if you are concerned about paying alternative minimum tax, as there may be some entries that you may have to make to insure that it is calculated properly.
You only need to complete the section if you took the standard deduction on your tax return, deducted state taxes or exercised or sold incentive stock options. Otherwise, TurboTax will calculate your AMT based on the entries you have already made in your program.
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March 4, 2022
7:58 AM