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Simplified AMT for Foreign Tax Credit elected previous year or not?

In 2023, I see my return ( prepared by an accountant) had 2 normal 1116 +2 AMT 1116 forms. From what I understands, that means they didn't make the election for simplified AMT. 

Now, I prepared my taxes without making the election. Why don't I have the same number of copies of 1116 forms with half indicating AMT? Is it because 2023 it was a different software package (accountant)?

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1 Reply
DaveF1006
Expert Alumni

Simplified AMT for Foreign Tax Credit elected previous year or not?

It depends.  Most of the information is reported in Form 1116 comp worksheet rather than individual forms.  It's not necessarily because of a different software package but more of a simplified or streamline method of reporting.

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