TurboTax automatically does the calculations for the Alternative Minimum Tax (AMT) in parallel with the regular tax system. There is nothing specific that you need to do to determine whether you are subject to the AMT.
To learn more, take a look at the following TurboTax help article:
Yes TurboTax will prepare the Form 8960 is needed. See What is Form 8960: Net Investment Income Tax - TurboTax @kav bee
TurboTax automatically does the calculations for the Alternative Minimum Tax (AMT) in parallel with the regular tax system. There is nothing specific that you need to do to determine whether you are subject to the AMT.
To learn more, take a look at the following TurboTax help article:
Many thanks for your answer.
I assume the same applies for Net Investment Income Tax (NIIT) - if anything applies to my situation, TurboTax software will flag it?
Many thanks.
Yes TurboTax will prepare the Form 8960 is needed. See What is Form 8960: Net Investment Income Tax - TurboTax @kav bee