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TX202502
New Member

Form 1116 - AMT missing

 

I'm in the process of finalizing the 2024 return and am currently comparing it with the return from 2023 (CPA prepared) and see that Form 1116 for AMT is not included by TurboTax Online, but it was included in my 2023 return.

For Simplified Limitation Election Eligibility I selected:
      "I chose NOT to use the election in 2023 or a previous year" 

By making this selection my understanding is that there would be a Form 1116 - AMT generated and part of my return. Is there a way that the Form 1116 - AMT can be generated as I believe that it should be included if it has been in the previous returns?


 

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1 Reply
MarilynG1
Employee Tax Expert

Form 1116 - AMT missing

Without being able to see your return (or your prior year return) in this forum, I would suggest that perhaps you are not subject to AMT this year (or your regular tax exceeded the AMT), so the Form 1116 AMT was not prepared.

 

Here's more detailed info on AMT and discussion on Form 1116 AMT.

 

@TX202502 

 

 

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