My tax calculation seems to be triggering AMT. It appears capital loss carryover not included?

Forum|Forum|1 year ago
March 12, 2025
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My entire capital gain should be offset by prior losses. However a large portion of it seems to be included in the AMT Income calculation. Hence triggering AMT taxation. Has anyone seen this? My income outside of Capital Gains is below AMT thresholds. Is this a known Turbo Tax bug? How can I fix it?

Best answer by nandu-m

I was able to fix this from another post example!! THANK YOU

I run into exactly the same issue, here is how I fixed it:

From the Income & Expense page, scroll down to Capital Loss Carryover
Click Edit, and the next page will display the following, Here's what we have for you.
Click Edit again and the next page will display: Great, we'll guide you, starting with some info from your 2020 tax return
Click Continue you arrives at the page displaying: You probably don't, but we have to ask—do you have different carryover amounts for AMT?
Chose Yes, I did (This is uncommon.) and then click on Continue
Now you can edit/correct your AMT capital loss carryover on the page displaying: In that case, let's get some info about your AMT

nandu-mAuthorAnswer

I was able to fix this from another post example!! THANK YOU

I run into exactly the same issue, here is how I fixed it:

From the Income & Expense page, scroll down to Capital Loss Carryover
Click Edit, and the next page will display the following, Here's what we have for you.
Click Edit again and the next page will display: Great, we'll guide you, starting with some info from your 2020 tax return
Click Continue you arrives at the page displaying: You probably don't, but we have to ask—do you have different carryover amounts for AMT?
Chose Yes, I did (This is uncommon.) and then click on Continue
Now you can edit/correct your AMT capital loss carryover on the page displaying: In that case, let's get some info about your AMT