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bandb
Level 3
a week ago
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Has anyone had problems with Tax Advisor not factoring in capital gains rate in estimating tax, thus subjecting return into AMT? My projection has a $21,000 AMT. I called Proconnect, and was told there is no way to backtrack and see how Tax Advisor came up with the AMT.
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sjrcpa
Level 15
a week ago
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That's a pretty lame answer. But it is Intuit Support.
I don't use the product, but is it possible you need to input capital gain amounts for AMT, too?
The more I know the more I don’t know.
bandb
Level 3
a week ago
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In Tax Advisor, it carries forward actual 2024 data. All you can do is input changes in income and expense estimated for 2025, which I did. I inputted $350,000 of Capital Gains, but cannot see how Tax Advisor calculated the tax and determined that AMT kicked in. You cannot view their 6251 to see their support !
