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Investors & landlords
AMT should not be triggered if the 2020 carryover losses offset your gains from 2021. In TurboTax online, your 2020 Net AMT short-term capital loss should be reflected as a negative number. In contrast, in TurboTax desktop, losses of this type are usually entered as positive numbers.
If your 2020 net AMT short-term capital loss is incorrect, were you able to edit your 2020 capital loss information to reflect the correct amount of capital loss?
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March 8, 2022
3:38 PM