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April 19, 2024
Question

Can someone help in understanding the AMT carryover applied on multiple years onForm 8801? Carryover Credit is filed in turbo tax and I need to determine why?

  • April 19, 2024
  • 1 reply
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1 reply

DawnC
Employee
April 19, 2024

Did you have carryover credits in prior years?    TurboTax will pull that information from your prior year return.    

 

Individuals, estates, and trusts use this form (8801) to figure:

 

  • The minimum tax credit, if any, for alternative minimum tax (AMT) they incurred in prior tax years.
  • Any credit carryforward to next year.
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