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AMT Credit Carryover doesn't generate form 1116 Schedule B

I have AMT Credit Carryover from 2024 which I want to mention in my 2025 tax return. When I add it to the interface, it gets correctly added, but I won't use it this year (it'll be a carryover).

 

What I would expect is to have Form 1116 Schedule B populated or at least form 6251. However, none of these 2 get generated. How can I address this? I don't want to lose track of this credit

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3 Replies
MarilynG1
Employee Tax Expert

AMT Credit Carryover doesn't generate form 1116 Schedule B

If you're using TurboTax Desktop, in FORMS type in '6251' and you can open the worksheet.  This should populate Form 1116 Schedule B for your records, though it's not a part of the tax filing, if you're not subject to AMT. On the Form 6251 itself, Line 40 has a checkbox to file the form, even if not required.

 

Here's more info on Form 6251.

 

 

@negoziatore 

 

 

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AMT Credit Carryover doesn't generate form 1116 Schedule B

Thank you! Is this possible somehow in the online version?

DaveF1006
Employee Tax Expert

AMT Credit Carryover doesn't generate form 1116 Schedule B

Form 8801 is the form you need. Form 8801 (Credit for Prior Year Minimum Tax) allows individuals, estates, and trusts to claim a tax credit for Alternative Minimum Tax (AMT) paid in previous years and to calculate any carryforward to future years. 

 

To see if the Form exists in TurboTax online:

 

  • Select Tax Tools
  • Tools
  • Delete  Form
  • Look for Form 8801. Don't delete it but verify that it is in your list of forms.
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