Form 8801 for AMT Carryforward not generating

Forum|Forum|1 year ago
February 3, 2025
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I used 2023 Turbo Tax Deluxe. I was hit with AMT for buying ISOs but not selling so Form 6251 was generated, but not form 8801. I tried to go back in to amend my tax return so that form 8801 could generate so I can have that carryforward, but it will not let me. I enter form 8801 in the help section, but in going through the form, the form returns with that I have no carryforward.

I clicked on:

* I exercised ISOs in 2023, but didn't sell the stock in 2023. Or I sold ISOs in 2023 that I purchased in a previous year.

*Enter my ISO Adjustment: $74,226

* Did you sell ISOs in 2023 that you purchased in a previous year? I have zero entered as both for ISO adjustments.

It says your AMT is $15,847 and then I click on continue and then it goes back to the Here's the AMT info we've got for you.

What am I missing that I am not clicking or entering correctly that it will not generate the form 8801? Thank you in advance.

DavidD66

If you did not have an AMT credit in 2022, your 2023 tax return would not have a Form 8801. The form is "Credit for Prior Year Minimum Tax". It is generated the years after you pay AMT if you have a credit to carryforward. Your 2023 AMT information should carry forward to your 2024 tax return, and cause a Form 8801 to be generated. If it does not, you can manually enter the carryforward in the section "Other Tax Situations". You will need a copy of your 2023 Form 6251 in order to enter the information.

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