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AMT and Loss Carryover

I use TurboTax to calculate my 2024 tax. I have $214,000 long term capital gain in 2024. I also have long term capital loss carryover of $204,000 from prior years. I am hit with AMT, and the loss carryover was not applied in calculating AMT tax, nor is it carried forward to next year. Is this correct? Could a TurboTax expert explain the AMT rules regarding loss carryover?

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AMT and Loss Carryover

Alternative minimum tax doesn't use the same gain or loss and doesn't allow the same amount of capital loss because of it.

There are a number of fun calculations that go into this and they are not for the faint of heart.

Here is a link to the IRS instructions on this.

Here is a link to the TurboTax article on the AMT.

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