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Level 1
June 3, 2019
Solved

How do I find out whether simplified AMT FTC limitation was ever elected?

  • June 3, 2019
  • 3 replies
  • 24 views
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Best answer by KarenJ2

If you had previously elected this, you would only have one Form 1116 for each type of income.  If you had not elected it, you would have 2 Forms 1116 for each type of income, one for regular tax and one for AMT tax.

3 replies

KarenJ2Answer
Level 13
June 3, 2019

If you had previously elected this, you would only have one Form 1116 for each type of income.  If you had not elected it, you would have 2 Forms 1116 for each type of income, one for regular tax and one for AMT tax.

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Level 2
June 3, 2019
How do I change my selection whether to use simplified AMT in TurboTax Online?