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I've AMT Credit carryforward from 2017. Can I claim it within 2019 tax return? I see option within TT 'Credit for AMT Paid in Prior Year' but it only asks for 2018 detail

 
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JotikaT2
Employee Tax Expert

I've AMT Credit carryforward from 2017. Can I claim it within 2019 tax return? I see option within TT 'Credit for AMT Paid in Prior Year' but it only asks for 2018 detail

Pick up the amount from your 2017 Form 8801 line 26.  

 

Be sure to keep a copy of this form for support should the IRS request any further information.  You are entitled to the credit as you were subject to AMT taxes before.

 

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JotikaT2
Employee Tax Expert

I've AMT Credit carryforward from 2017. Can I claim it within 2019 tax return? I see option within TT 'Credit for AMT Paid in Prior Year' but it only asks for 2018 detail

Yes.

 

The overall credit is carried over each year.  You will need to input the total listed on line 26 of Form 8801 from your 2018 tax return.  This amount would include the amounts from your 2017 tax return.

 

 

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I've AMT Credit carryforward from 2017. Can I claim it within 2019 tax return? I see option within TT 'Credit for AMT Paid in Prior Year' but it only asks for 2018 detail

Thanks  for your reply. 

For 2018, I used TT for tax filing and I do not have form 8801.
I do not have form 6251 as well since there was no AMT for 2018.

But my 2017 TT tax return has both 6251 (was subjected to AMT) & 8801 - showing the credit carryforward on line# 26
 
JotikaT2
Employee Tax Expert

I've AMT Credit carryforward from 2017. Can I claim it within 2019 tax return? I see option within TT 'Credit for AMT Paid in Prior Year' but it only asks for 2018 detail

Pick up the amount from your 2017 Form 8801 line 26.  

 

Be sure to keep a copy of this form for support should the IRS request any further information.  You are entitled to the credit as you were subject to AMT taxes before.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I've AMT Credit carryforward from 2017. Can I claim it within 2019 tax return? I see option within TT 'Credit for AMT Paid in Prior Year' but it only asks for 2018 detail

Thanks @JotikaT2 for the reply

I'll use the 2017 values as suggested.

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