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kimnor
New Member

Alternative Minimum tax

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
Returning Member

Alternative Minimum tax

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.

Alternative Minimum tax

I waited six days, and tried again.  Turbo Tax automatically loaded any new updates, but the AMT problem with MN is STILL PERSISTING.  again, unable to unclick the box saying I paid AMT (i did not)

PLEASE FIX THIS. It is beyond frustrating and is CLEARLY happening to many other MN residents.

jcavegn47
New Member

Alternative Minimum tax

 I am having the same issue with the tax files I'm trying to file. I did the same thing but I am not comfortable with this solution. This is a glitch in the Turbo Tax for this year. It needs to be updated to not pre check the box.

jrice56
Returning Member

Alternative Minimum tax

Great News!  The 2-1-2021 update corrected the alternative minimum tax glitch.

MNTaxes2020
Returning Member

Alternative Minimum tax

I checked for updates in Turbo Tax on 2/13/2021 and downloaded the 2/10/2021 update. That update fixed my issues. After downloading the update I opened Turbo Tax and walked through the Minnesota tax return from the beginning. I no longer saw the screen that automatically checked the AMT option. Instead, I was asked if I ever claimed MN AMT in the past. I chose 'No' and was able to complete my tax return.

MNTaxes2020
Returning Member

Alternative Minimum tax

@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.

Alternative Minimum tax

I need help with the Alternative Minimum Tax input. 

AmyC
Expert Alumni

Alternative Minimum tax

@johnlacey217_2

 

Can you clarify what you want to do? AMT is used in many places for many things. How can we help you?

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