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Investors & landlords
Yes, if you are using TurboTax online you can make adjustments to your prior year AMT carryover losses by following these steps.
- From the Income & Expense page, scroll down to Capital Loss Carryover
- Click Edit, and the next page will display the following, Here's what we have for you.
- Click Edit again and make the adjustments you feel need to be made.
If you are using TurboTax desktop, the process is essentially the same. In the Investment Income section, select Capital Loss Carryover and respond to the questions on the pages that follow.
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March 8, 2022
1:43 PM