While using 2021 Turbo Tax Home & Business, it asks the user to verify that Line 4 of 2020 Form 6251 is correct. Although I also used 2020 Turbo Tax Home & Business, and saved the available records, worksheets, forms, etc. as PDFs, there was no trace of a 2020 Form 6251 in any of them. On this same page, is a blue link "What if I don't have Form 6251?", with a lot of gobbledygook, ending with "If you don't know your AMTI, most people will get the same result using your "regular" taxable income (2020 Form 1040, 10)." However, 2020 Form 1040, Line 10 is nonexistent. Although there are Lines 10a, 10b, 10c, they are NOT "Taxable Income". Taxable Income is Line 15 - but even then, it is not the same as the AMT (worse, it is off by tens of thousands from the amount they are wanting me to verify)! What is the user to do? How much more can Turbo Tax screw this up? Eventually, I re-installed 2020 Home & Business, and searched and found Form 6251, and saved it by clicking "Forms" in top-right, then, and saved as a PDF. However, it does not appear in any of the PDFs that you would normally save using the various options available to save forms, worksheets, etc. Is this really what is expected of the user - to spend extra hours finding workarounds for Turbo Tax's shortcomings?
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The response to the original question is totally useless. I am having the same problem -- TurboTax requires data from my 2020 form 6251, but that form does not exist in my 2020 TurboTax return. How do I find that information?
If this form is needed, you can follow the instructions here to add this information to your return.
Please let us know if we can assist you further. @marthar87
It should not be necessary for customers who also used TT the prior year to have to manually recalculate their AMT from the prior year, especially if it was already done with the TT software the previous year. When I downloaded "Forms to review or keep for your records" the prior year, Form 6251 should have been included. As it turns out, if the user wanted to save Form 6251 the prior year, they would have had to manually navigate to it, and save it individually - but how would they even have known that they should need to do this, and that TT would ask the user for it the following year? In my case, TT created a 2020 Form 6251, and it was available for download at that time - but TT failed to include it in the collections of PDF downloads they offer.
Thank you SO MUCH for your reply. With your help I was able to figure out how to find form 6251 for my 2020 return. I feel slightly more confident that I can enter accurate info to finish up our 2021 return. I'm pretty aggravated by TT at this point and will probably switch to something like H&R Block next year so that I have reliable expertise to turn to. While I appreciate your help, I feel that TT is copping out (chintzing out) by putting the burden on "The Community." Cheers to you, and hope you have a happy tax season!
We are happy to hear you were able to file.
Please let us know if you need further assistance. @marthar87
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