We have a NOL carryforward that reduces income but is added back in the AMT calculation resulting in an effective tax rate of greater than 70%---does this make sense?

Nannr · ‎04-18-2022

Carried forward an NOL that has reduced 2021 AGI but adds back in the AMT calculation resulting in the NOL "credit" being fully taxed for an effective 70% tax rate on AGI? Is there a glitch in the program or is this a possible scenario?