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Can I claim the AMT (Alternative Minimum Tax) credit?

SOLVEDby TurboTax1289Updated December 14, 2023

Although it’s not common, you might be eligible for the AMT credit on this year’s taxes if you got hit with the AMT in a prior tax year because you exercised ISOs or claimed accelerated depreciation.

You can’t claim this credit for any other AMT-generating situations such as high income, lots of dependents, or a large SALT deduction, nor can you claim this credit if you’re subject to the AMT on this year’s taxes.

When you get to the screen that asks if you paid AMT in the past and had timing items, answer Yes and follow our onscreen instructions to calculate this credit.

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