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The TT program will automatically compute any AMT taxes if you need to pay them.
Good news: The number of taxpayers subject to the AMT is expected to drop dramatically in tax years 2018 through 2025, due to higher exemptions and phase-out thresholds. The AMT calculation is complicated. Review Form 6251 Alternative Minimum Tax - Individuals for the exact calculation.
See How will tax reform affect my 2018 federal tax return?
How is AMT calculated?
The AMT calculation is complicated and beyond the scope of this article, but here’s an outline of how it works:
Related Information:
if your subject to AMT form 6251 will be in your return. amt is on line 11 of the form and transfers to schedule 2 line 1
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