turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

null295
New Member

If I paid AMT in 2015 and couldn't deduct my state income taxes, why is my refund from 2015 taxable in 2016?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

If I paid AMT in 2015 and couldn't deduct my state income taxes, why is my refund from 2015 taxable in 2016?

This is a bit hard to understand but technically  you did deduct the state tax on the return ... and then you were subject to AMT in addition to the regular tax computed ... and sadly that is just the way the rules work.  You may be able to recapture the AMT paid in future years so follow the program interview for this subject. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies