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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.
‎June 4, 2019
6:18 PM