There's a bug in the program. Go to forms and pull up the capital loss carryover worksheet and i'm pretty sure you'll see the AMT column is populated incorrectly. If you've never paid AMT before, it...
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There's a bug in the program. Go to forms and pull up the capital loss carryover worksheet and i'm pretty sure you'll see the AMT column is populated incorrectly. If you've never paid AMT before, it should have the same capital loss carryovers in both columns. As Turbo tax figures AMT every year apparently it's keep that data and then carrying it over to the next year and the program is using that column instead of your regular capital loss carryovers. If you've never had carryovers, I guess those columns would be zero, Anyway, I would make a duplicate file just in case, then as per Turbotax support which had me do this today, delete the capital loss carryover worksheet and form 6251. Then go back to Wages and Income, Investments, carryovers and following the prompts to enter your losses and gains which will make a new capital loss carryover worksheet. Then go to the Other Section, where it has you figure AMT and run through that. Your AMT should be gone if you don't owe any.