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krishk
Returning Member

AMT Schedule D (line 6) & Capital Loss Worksheet (line 5) show incorrect loss carryover. Increasing my AMT. Can someone please explain how is TT calculating this amount?

I'm having trouble reconciling the loss carryover on AMT Schedule D (line 6) and the Capital Loss Worksheet (line 5). The amount doesn't match my Schedule D or prior year loss carryover worksheet. This is solely from stock dispositions – there were no ISOs or other AMT adjustments. I had no AMT liability last year, so this is a new issue. This incorrect amount directly impacts Form 6251, specifically the calculation of the disposition item, line 2k, significantly increasing my AMT liability. Can anyone please explain how TurboTax is calculating this loss, and where I can trace the calculation back to?
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