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Deductions & credits
Since you have the desktop version, you can go into Forms mode. On the top left, select open form. Select the AMT version of Form 1116, enter a name if requested. Once the form is open, you can right click (or command click for MAC) and use override to force entries. You can print the form on the bottom left of the form on windows (or use the print key on a MAC).
Your forms are what is critical. The IRS is changing things. They have not been keeping up with carryovers. It is in your best interest to have your paperwork in order. Great job keeping records from time or purchase until way after disposal of an asset. Great strategy!
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March 14, 2025
1:28 PM