Below is the question I asked and the answer provided. It does not answer my question as I DO owe amt this year. So am I eligible for the minimum tax credit in 2016? And if so, how do I enter it?
Contradiction: "The information you've entered doesn't qualify you for the minimum tax credit. You have an alternative minimum tax credit carryover of $1,050."Which?
Which is it? Is it true that I do not qualify, or do I have a credit of $1050?
Asked by jwmorse81
TurboTax Deluxe
7 hours ago
Answer
If you have a minimum tax credit carryover from a prior year, but do not owe AMT in 2016 you will not be eligible for the minimum tax credit in 2016. However, you can carry over the credit from the prior year(s) into future years.
