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Deductions & credits
TurboTax calculates AMT despite it being unnecessary 90% of the time. It calculates it because somewhere when you were entering things and hadn't yet finished the program thought you might need it and added it in there. You don't need it. You may never need it. But it reflects the activity on your regular tax return. So if you used the foreign tax credit for regular income tax purposes you used it up for AMT purposes as well.
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March 14, 2022
4:10 PM