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On form 8801, line 26 I have a credit carryforward of $5,304 to 2017. How do I use this?

 
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LindaA
Expert Alumni

On form 8801, line 26 I have a credit carryforward of $5,304 to 2017. How do I use this?

To enter your Form 8801, Credit for Prior-Year Minimum Tax:

  • Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return. Make sure you are in the Federal and not the state section.)
  • Click the drop-down arrow next to Tax Tools (lower left side of your screen).
  • Select Tools (underneath Tax Tools).
  • In the pop-up window, select Topic Search.
  • In the I'm looking for: box, type 8801.
  • In the results box, highlight 8801, prior year amt, then click GO.
  • Answer Yes when asked Have you paid AMT in the past and had timing items?
  • Tell us about your 2016 tax return. Check My 2016 return includes Form 8801, then enter the amount from Form 8801, line 26 and click Continue. (Click the first screenshot below for reference.)
  • Continue following the onscreen instructions. You'll need to enter information from last year's Form 6251 or complete the form if you weren't required to file it last year.
  • Continue providing information as prompted to complete this section of the interview. When you're finished, TurboTax will determine if you qualify for the Alternative Minimum Tax Credit. (Click the second screenshot below.)
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