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New Member

How do I update/correct the AMT capital gain or (loss) amounts?

If I go to Wages & Income > Capital Loss Carryover, the online tool shows me both the regular and AMT capital gain or (loss) amounts from the prior year. If I click Edit, it let's me enter the regular capital gain or (loss) for the prior year but not the AMT amounts. It only allows me to enter the AMT income.

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3 Replies
KrisD15
Expert Alumni

How do I update/correct the AMT capital gain or (loss) amounts?

Please go to 

Deductions & Credits

Estimates and Other Taxes Paid

Credit for AMT Paid in Prior Year 

START 

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New Member

How do I update/correct the AMT capital gain or (loss) amounts?

Thank you, but unfortunatey, that does not solve my problem.

 

Section "Deductions & Credits" > "Estimates and Other Taxes Paid" > "Credit for AMT Paid in Prior Year" only allows me to enter values from prior years's form 6251 and 8801.

 

What I would need to enter are the data from prior year's Schedule D AMT line 7 (short-term) and line 15 (long-term). That information also shows up in the Capital Loss Carryforward Worksheet in last year's return.

 

 

 

discover
New Member

How do I update/correct the AMT capital gain or (loss) amounts?

Thank you, but unfortunatey, that does not solve my problem.

 

Section "Deductions & Credits" > "Estimates and Other Taxes Paid" > "Credit for AMT Paid in Prior Year" only allows me to enter values from prior years's form 6251 and 8801.

 

What I would need to enter are the data from prior year's Schedule D AMT line 7 (short-term) and line 15 (long-term). That information also shows up in the Capital Loss Carryforward Worksheet in last year's return.

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