Question

No form 8801 generated for AMT credit carryforward in 2023

Forum|Forum|1 year ago
February 3, 2025
1 reply
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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. 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.

AmyC

Employee

Based on what you said, you exercised ISO and paid AMT so you have a new basis for AMT purposes.

See Missing AMT credit? - for a more in depth look that seems to mimic your situation. Also, a great article with AMT included is Incentive Stock Options

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