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AMT capital loss carryforwards

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    AMT capital loss carryforwards

    My client has enough negative AGI that she doesn't use her $3,000 capital loss carryover this year. However, AMTI is about $1,200. I would expect $1,200 of her AMT capital loss carryover to be used. Lacerte is reducing her AMT capital loss carryover by the entire $3,000. Is this correct? I cannot find the answer in any of my tax resources. Thank you in advance for your time and help.
    Last edited by kthurman; 02-19-2010, 05:37 PM. Reason: Typo
    Kevin Thurman, CPA
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