dd4vols
Level 10
Level 10
‎10-31-2024 06:30 PM

Is there any way to get to page 2 of the 4797 AMT???  Not that I don't trust the software, but i sure as heck can't check to make sure I should trust them.

And I hate any and all things related to AMT!!

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Terry53029
Level 15
Level 15
‎11-01-2024 09:02 AM

When in clients file just click on the green question mark at top menu and type in 4797, But page two is for sale of business property subject to recapture of ordinary income. Don't think AMT is on form 4797 unless there is a difference between regular gain or loss and the AMT gain or loss 

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dd4vols
Level 10
Level 10
‎11-01-2024 09:14 AM

yeah....that is the problem...there is a difference....which then opens up about $15K of Alt Min tax for my client.

you can get to the 4797ALT MIN page 1, but it gets an amount from line 31, which is on page 2 of the 4797ALT MIN.  and therein lies my issue.

thanks for reading my post.  I'll keep digging. 

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