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Retirement tax questions
I did this on the web version for you. Follow these steps:
- Open your return
- Federal
- Other Tax Situations
- Alternative Minimum Tax, start
- Yes
- Select the middle option for uncommon situation
- 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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February 28, 2023
9:53 AM