I use TurboTax to calculate my 2024 tax. I have $214,000 long term capital gain in 2024. I also have long term capital loss carryover of $204,000 from prior years. I am hit with AMT, and the loss carryover was not applied in calculating AMT tax, nor is it carried forward to next year. Is this correct? Could a TurboTax expert explain the AMT rules regarding loss carryover?
