Where do I enter The Alternate Minimum Tax Carry over in the next years Personal income tax return.
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All of the related forms (Schedule D, 8949, cap loss carryover worksheet) are usually prepared twice: once for regular tax, and a second time for AMT, although if taxpayer is never subject to AMT, often the AMT version is not completed (but technically it should be, since you never know when the tax situation will change). For most common situations, the numbers will be the same for both purposes, but employee ISO (stock options) and depreciation of assets usually lead to differences that must be tracked until the carryovers are used up or taxpayer dies. How your tax software handles this is dependent on the software."You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
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