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Carlros
April 13, 2022
Solved

Calculating carryover

  • April 13, 2022
  • 1 reply
  • 0 views

We lost all 2020 turbotax data and didn't get to print after filing! So we downloaded irs transcript for 2020 and need help to make sure that I am entering the figures from that summary. For example, the summary shows only one form 6521 alternative minimum tax amount while Turbotax asks for AMT on each (short term and long term) capital gains/losses. Our AMT on the one summary line for 2020 is 0. Should I simply enter 0 or nothing in each AMT box to calculate carryover for 2021?

    Best answer by ThomasM125

    I think you mean that your AMT on the summary is listed as $0. If so, you should leave both entries blank in TurboTax.

    1 reply

    T
    ThomasM125Answer
    April 13, 2022

    I think you mean that your AMT on the summary is listed as $0. If so, you should leave both entries blank in TurboTax.

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