Question

AMT adjustments - I don't make enough or have investments. Why am I being asked about drilling costs on my state return?

Forum|Forum|6 years ago
March 8, 2020
1 reply
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I've reached a page of my MN state return entitled Alternative Minimum Tax. It states that I had federal AMT adjustments. I need to enter amounts relative to private activity bonds, drilling costs, and depreciation in order to continue my state return filing.

Since the AMT is calculated by software behind the scenes, I'm very confused. I make well under the 70k AMT threshold for someone filing singly, and do not have investments, mortgage etc. What going on here?

I'd appreciate any advice!

Thanks!

TurboTax Free Edition Online

J

JulieS

Most taxpayers are asked for some AMT information. If a question does not apply to you, just enter a zero. Please note, this advice is only for AMT questions only, most entries that do not apply to your situation can and should be left blank.

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