Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

AMT Carry Forwarded

KP-SINGH
Level 1

One of my client has AMT in TY 2016 and 2017 but it is not being carry forwarded to 2017 as well to  2018 by the pro series itself. Do i have to do it manually. I need help in this regards.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
itonewbie
Level 15

AMT does not get carried forward but MTC does.  You may have an MTC if the AMT was triggered by deferral items and/or AMTFTC 90% limit.  AMT triggered by exclusion items has no impact on subsequent tax years.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

0 Cheers
1 Comment 1
itonewbie
Level 15

AMT does not get carried forward but MTC does.  You may have an MTC if the AMT was triggered by deferral items and/or AMTFTC 90% limit.  AMT triggered by exclusion items has no impact on subsequent tax years.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers