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nc001
Level 3
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  • I understand ""You must prepare separate Forms 1116...", I just want to understand the specifics of the 1116-AMT carryovers. Relevant instructions for 6251 line...
    nc001
    Updated Apr 17, 2024
  • Thanks for the answer. I couldn't find anything under the 'Special issues' link you sent or in the line 8 section of 6251 instructions. Can you quote what you w...
    nc001
    1
    Updated Apr 17, 2024
  • THanks.. That would make sense if I was using the non-simplified method ('Simplified Limitation Election' in 6521 instructions)But I have been doing the simplif...
    nc001
    4
    Updated Apr 17, 2024
  • If I was not hit by AMT before, why would it matter?Instructions for 1116 only talk to choose the method for calculating FTC if you are hit with AMT
    nc001
    6
    Updated Apr 17, 2024
  • I guess then it's different than my case. You may want to go line for line on schedule D AMT and non-AMT. And track which lines are different.
    nc001
    Updated Apr 14, 2024
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