Adjust Capital Gains to account for AMT already paid

[anarendra]

Hi,

I could not find 'where to adjust the Cost Basis for AMT' in Turbo Tax Desktop Premium version. Could you share more details?

[anarendra]

Could you share where you entered the AMT cost basis adjustment, in the Desktop version.

[anarendra]

did you get a response, were you able to figure what numbers to add in the "Net gain from disposing of investment property" and "Net capital gain from disposing of investment property" Thanks

[JQ21]

It has been a while, I believe it is in the questionnaire for form 6251 (the AMT tax calculation). It will ask for the ISO sale adjustment. There does not seem to have a way to enter the adjustment sale-by-sale. Instead, one has to enter the total adjustment. So I had to calculate the total amount myself.