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Level 2
April 7, 2021
Question

alternative minimum tax

  • April 7, 2021
  • 2 replies
  • 22 views

I am working on a tax return with foreign tax credit.  Can I use the simplified limitation election for the alternative minimum tax or do I need to use the standard method?  

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2 replies

sjrcpa
Level 15
April 7, 2021

You can, but some people were posting that you can't efile the return if you do.

The more I know the more I don’t know.
rayneAuthor
Level 2
April 7, 2021

Pro Series won't e-file the return with the simplified method.  I just want to make sure the simplified method can be used.  It makes a huge difference on the refund.