AmyC
Expert Alumni

Retirement tax questions

I did this on the web version for you. Follow these steps:

  1. Open your return
  2. Federal
  3. Other Tax Situations
  4. Alternative Minimum Tax, start
  5. Yes
  6. Select the middle option for uncommon situation
  7. Enter your adjustment

For future reference, the program will not let you add AMT carryover when you are paying AMT. You will need to keep track of AMT paid separately. I suggest a notebook (paper or digital). Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s, your  carryover information, and proof of your basis in your various investments.

 

 

 

 

 

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