AMT adjustment broken for me

Forum|Forum|3 years ago
February 25, 2023
1 reply
1 view

Nothing changes on my AMT calculation when I enter an adjustment. I entered in my actual adjustment and did not see it on the final result calculation when it said my AMT was 0. I jokingly entered 10 million as my adjustment and it still said amt was 0 and that number was not listed anywhere.

I also tried calling support 2 times. The first time they immediately hung up and the second time I explained the problem and they ghosted me after 5 minutes of silence. Very frustrating. Thinking about trying to do my taxes elsewhere.

TurboTax Premier Online

MaryK4

Level 15

Can you clarify which specific adjustments you are making? In general, if the adjustment item does not apply to the specifics of your AMT computation, it will not change the tax. (I may be able to trace the data entry).

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

jolshanAuthor

Level 2

I’m trying to add an adjustment due to exercising and holding isos.

for what it’s worth though, none of the fields affected the calculation, so it’s a pretty bad user experience regardless.

MaryK4

Level 15

The adjustments you enter have to directly affect the AMT item and in the case of the stock options, very few adjustments will change your AMT amount. (One example I can think of is if there were two options exercised and one had a loss but this is highly unlikely). @jolshan

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"