Alternative Minimum Tax Schedule 2

Last year, a tax specialist completed our taxes for 2021 and we have our completed packet. This year, my wife and I are attempting to complete our taxes and so we came across a question on TurboTax about what was on our Alternative Minimum Tax from Schedule 1 line 1. Except, we don't have the schedule 2 form and the closest thing that we have to this is the AMT and Credit limitations - Residents form P(540). Why would we not have the Schedule 2 form or, is the P(540) the form I should be looking at?

120

Expert Alumni

Feb 27, 2023 9:14:29 AM

You would not have a Schedule 2 if there are no entries on it. You may not have Alternative Minimum Tax (AMT) either.

Check your return for Form 6251. Your AMT is on line 11 at the bottom of the first page of Form 6251.

Residents form P(540) is a California form and since the question refers to Schedule 2, it is asking for information from your federal return.

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Alternative Minimum Tax Schedule 2