ddg217
New Member

Business & farm

This is the first year I've had to deal with this because 2016 was the first year I had a NOL.  I've been using TurboTax software for several years, so if I've been filing Form 6251, this must have been something that was generated automatically by TurboTax.  I think I am going to file an extension this year and consult with a tax professional to make sure that I am calculating everything correctly.  As things currently stand, I have an estimated 2017 AGI of $41,646 (net of the NOL I am carrying forward from 2016) and total federal taxes of $49,685, so I am hoping that something is off here.