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February 17, 2025
Question

i Think i need to fill out form 6251 to determine my carryover loss

  • February 17, 2025
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    February 18, 2025

    IRS Form 6251 is used to calculate your Alternative Minimum Tax which is a way for certain taxpayers that have certain type of income such as investment income to qualify for more favorable treatment. 

    Assuming that you are referring to a capital loss carryover, you will use Schedule D which will generate a Capital Loss Carryover Worksheet to determine your carryover loss.