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Investors & landlords
Thank you for your response, but I don't have AMT carryover loss from prior year (2020) to adjust. I have a regular (if you can call that) carryover loss from 2020.
AMT has been triggered for 2021 when I entered short term profits for 2021 even when I have a greater regular carryover loss (from 2020).
Instead of bringing the regular carryover loss as it is from 2020, TT is showing a positive number in the field "Net AMT short-term capital gain/loss" which I believe is triggering the AMT. My question is with a straightforward carryover loss from last year which is more than the profit I made this year, why is AMT triggered?
March 8, 2022
2:12 PM