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Old 02-07-2018, 07:51 PM
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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



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