- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
This is going from bad to worse. Now TT is generating a Form 6251 (Alternative Minimum Tax). I never had that before. I never had filed a Form 1116 before either. I have had foreign tax credits for several years. It was easily picked up on the 1040. F6251 is asking me if I want to elect the "AMT Simplified Foreign Tax Credit Limitation". What is that all about? How do you answer that? When will this stop?
JohnD
‎February 26, 2023
6:25 AM