Prior Year Alternative Minimum Tax Credit Howdy, all.
I was just running my taxes through H&R Block when my eyes fell upon the above credit (in a long list of unclaimable credits I usually scan in a hurry). It occured to me that years ago I paid a very big tax bill because of an unusually good year in the stock market (for me).
But while the H&R software suggests this credit can only be handled if I paid an AMT last year, the IRS site says something more like "previous years."
Any advice on how I might approach this would be most appreciated.
Thanks,
Jim |