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Investors & landlords
"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? "
Yes, I was able to change the AMT short-term carryover loss. After I made it same as my 2020 capital loss carryover, AMT is no longer applicable.
I'm using TT online. I still can't figure out how the AMT carryover loss carryover is shown positive and almost twice my 2020 carryover loss amount. Below is the screenshot of the discrepancy (Modified the actual numbers) My original question is how did TT arrive at the number shown in red?
March 8, 2022
8:12 PM