Alternative Minimum tax

Forum|Forum|5 years ago
January 19, 2021
4 replies
21 views

I'm filing MN taxes and the box TT will not let me uncheck the box for "paid Minnesota alternative tax in a prior year."

This leads to other questions pertaining to documents I don't have because I've never paid the MN alternative tax.

How do I get this box to uncheck?

BrandiLO

Level 14

Can you please check to see if you are selecting the AMT for your Federal return? If so, this may be carrying over to the state return.

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jennifermay70Author

Level 2

Thank you for the answer.

I have not selected the AMT on the federal return. Neither my husband not I have ever done the AMT.

mariekolson

Level 2

The same thing is happening to me as well. I also have never done the AMT and did not select it for the federal portion of my taxes.

kosmos323

Level 2

I am having the exact same problem and am basically unable to continue to file my taxes as a result unless I go to another service. Fix it soon or I'm going elsewhere.

jrice56

Level 2

Have you received an answer that worked?

kimnor

Level 2

I had the same issue. But since I couldn't uncheck the box and going back didn't help, I tried going forward. Here are my responses.

Are line 2h, lines 2k through 2t, and line 3 of your 2019 federal Form 6251 blank? I responded with Yes
2019 Federal Adjusted Gross Income (from 2019 Federal Form 1040, line 8a) On the 2019 form 1040 the AGI was on line 8b so I entered that amount
Prior Year Credit Carryover I responded with zero

The system responded "Based on your entries, you don't have a Minnesota Alternative Minimum Tax Credit for 2020"

A couple of extra notes. First, I made sure that my MN Refund number at the top of the screen didn't change during this. If it had changed, then I would be concerned. Second, when I print and file my MN return, I plan to remove the Form M1MTC (if it prints) before I put it in the mail.

Hope that helps.

jrice56

Level 2

I was on the phone with a Turbo Tax expert last week. He was very understanding. After 90 minutes he suggested doing what kimnor states in the message from 1-30-2021. I saw the same error with the Federal AGI on line 8b instead of 8a. It worked but it's frustrating. I strongly suggested to the tech person at Turbo Tax to get a corrective update but if that isn't possible in the immediate future to at least post an update on this site.

I'm going to wait a couple weeks before filing my fed return.

MNTaxes2020

Level 2

@jrice56 : An update on 2/10/2021 resolved the issue for me. I use the version that was installed via download code (not the online version). I checked for updates in Turbo Tax and downloaded the update. I assume it is fixed for Turbo Tax online as well.