Question

I need to remove my AMT Tax Credit from my 2021 return. I've tried the Edit feature but it does not allow me to make any edits. I need the credit as $0.00

Forum|Forum|4 years ago
March 14, 2022
2 replies
0 views

Im amending prior returns to remove the AMT credit paid in prior years. However, the edit feature does not allow me to zero out the AMT

TurboTax Premier Online

C

CarissaM

It is showing with the tag after you file. Have you already filed your 2021 (this year) return?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

J

jwmarburgerAuthor

Greetings, I have not filed this years return but it’s pulling in an ATM credit from last year which was an error (I’m amending). I click on Edit ATM in the deductions section and it just says congratulations you’re getting a credit. No ability to edit. I basically need to mark ATM credit as $0.00.

Thanks for any help!

KrisD15

Under Deductions and Credits (in the Business section if using Self-Employed or Home and Business)

Scroll down to "Estimates and Other Taxes Paid"

Click "Show more" if needed to open

Scroll down to "Credit for AMT Paid in Prior Year"

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

J

JohnS_CPA

Need to delete the CF worksheet via the Delete a Form process: From left menu select Tool then Tax Tools then look for the CF Worksheet and delete the worksheet. Be sure there are no other carryforward other than AMT credit otherwise those will be deleted as well. This will delete the 8801 form and associated credit CF.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"