cpa41
Level 2
04-24-2021
12:09 PM
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Do I have to include AMT loss carryover, why is ProConnect automatically generating a form 6251? Thanks.
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sjrcpa
Level 15
04-24-2021
12:13 PM
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The AMT PAL carryover can be different than the regular PAL carryover. Depreciation and state taxes are the most common differences.
The more I know the more I don’t know.
cpa41
Level 2
04-24-2021
12:44 PM
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But if the previous CPA hasn’t filed anything for AMT does that mean his prior year amt carryover is zero? thanks so much!
sjrcpa
Level 15
04-24-2021
01:45 PM
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No. A fairly safe assumption would be that the AMT carryover is the same as the regular one.
The more I know the more I don’t know.
