Hello, I have both capital gains and losses (from trading activity) attributed to the tax year 2022. I have a positive total short-term capital gains number and a negative long-term capitals gains number. The normal calculation (Schedule D) offsets the gains with my losses. However, when I calculate AMT, the schedule D AMT version adds back the long-term losses I was able to use to offset my gains doing the standard calculation. So my AMT income amount is higher than the standard calculation. My question is does the AMT tax code not allow using long-term capital losses to offset short-term gains because that is how TurboTax is treating this situation. Thanks in advance!
