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ioany
New Member

Hi, was wondering if the AMT tax is already included in the tax calculation.Towards the end of the federal review I was informed the AMT will be aprox. 21K, but there were no tax changes thereafter... I assume it's because the tax is already factored in t

The return is almost finalized but not yet filed. Thanks.
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Accepted Solutions
MinhT
Expert Alumni

Hi, was wondering if the AMT tax is already included in the tax calculation.Towards the end of the federal review I was informed the AMT will be aprox. 21K, but there were no tax changes thereafter... I assume it's because the tax is already factored in t

The Alternative Minimum Tax (AMT) is automatically calculated by TurboTax and included on your tax return. It is shown on line 45 of your form 1040.

To visualize the amount of AMT on your form 1040, you can preview form 1040:

In Turbotax, open your return

  • Click on My Account on top of your screen
  • In the small dialog box, click on Tools
  • On the Tools Center page, click on View Tax Summary
  • On the next page. click on Preview my 1040 on top of the screen
  • Your form 1040 will display.
  • Scroll down to line 45 and you should see the amount of the Alternative minimum tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
MinhT
Expert Alumni

Hi, was wondering if the AMT tax is already included in the tax calculation.Towards the end of the federal review I was informed the AMT will be aprox. 21K, but there were no tax changes thereafter... I assume it's because the tax is already factored in t

The Alternative Minimum Tax (AMT) is automatically calculated by TurboTax and included on your tax return. It is shown on line 45 of your form 1040.

To visualize the amount of AMT on your form 1040, you can preview form 1040:

In Turbotax, open your return

  • Click on My Account on top of your screen
  • In the small dialog box, click on Tools
  • On the Tools Center page, click on View Tax Summary
  • On the next page. click on Preview my 1040 on top of the screen
  • Your form 1040 will display.
  • Scroll down to line 45 and you should see the amount of the Alternative minimum tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ioany
New Member

Hi, was wondering if the AMT tax is already included in the tax calculation.Towards the end of the federal review I was informed the AMT will be aprox. 21K, but there were no tax changes thereafter... I assume it's because the tax is already factored in t

Got it. Thanks so much!
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