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March 18, 2025
Question

How to split Minimum Tax Credit from prior year when filing status changes from Joint filing to separate filing?

  • March 18, 2025
  • 1 reply
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We have >$100K Minimum Tax credit carrying forward to 2024, but our filing status is changing to Married Filing Separately. 

Can we split this carry over credit?  How to do it in TurboTax?

    1 reply

    March 25, 2025

    Yes, you can split your Minimum Tax Credit.  To do so in TurboTax Online, while logged in to your return, 

     

    • Click on Tax Home
    • Select "Deductions and Credits"
    • Scroll down to "Estimates and Other Taxes Paid" and click to expand the menu
    • Scroll down to the bottom click on "Start/Revisit" next to "Other Credits"
    • Scroll down to "Credit for AMT Paid in Prior Year" and click on Start
    • Answer the questions and enter your minimum tax credit carry forward
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