☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jan 26, 2024 4:46:52 PM

What is Sch D for AMT?

In preparing the 2023 return a review question came up asking for Value from 2021 Sch D for AMT, Lines 7, 15, 21.  We only have access to Sch D but not the underlying worksheets. This question has never come up before and we have not been subject to AMT. We realize that the capital loss carryover may be different for regular vs. AMT taxes but what is going on?  Doesn't TT have access to all that info if we have filed using them all these years?

0 1 200
1 Replies
Expert Alumni
Jan 29, 2024 11:07:58 AM

If you used TurboTax last year, the current year program rolls forward the prior year information into the current year.  If there was no AMT version of Schedule D in the 2022 return, there will be no Schedule D AMT information to roll forward.  As for the review questions, you can just use the amounts in the non-AMT Schedule D to answer the questions.