How to edit imported AMT credit

Forum|Forum|4 years ago
February 21, 2022
1 reply
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The value imported for my prior year's AMT credit (Form 8801) is incorrect. Is there any way to manually edit this value or override the bad imported data?

TurboTax Premier Online

Best answer by ThomasM125

I'm using turbotax premier online

You may need to purchase the desktop version of TurboTax where you can make the adjustment in the Estimates and Other Taxes Paid section.

You can download your online TurboTax file so you don't need to re-enter any of your information. You can do that by using the Tax Tools option on your left menu bar, then Tools, then Save your 2021 return to your computer. You can still e-file your tax return and the cost of the program is comparable to the online product.

Next year, you can upload your tax file so you can go back to the online program if you want to.

Here is a link to the download TurboTax products:

TurboTax download

AmyC

Employee

You can edit Alternative Minimum Tax in the Federal section under Other Tax Situations.

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kevin138Author

None of the workflows for the AMT section allow for editing the imported AMT credit.

The AMT credit shows up in `Deductions & Credits`->`Estimates and Other Taxes Paid`->`Credit for AMT Paid in Prior Year`.

The help description for this says: `If you used TurboTax last year and you qualify, we’ll handle this credit for you. If you didn’t use TurboTax last year, you’ll need your forms 1040, 6251, and possibly 8801 for the prior tax year in question.`

The "we'll handle this credit for you" is what isn't working. The values shown are wrong with no apparent way to edit these or ignore the imported value from the prior year.