4 ms·
Correct me if I'm wrong, but I recall this AMT overpayment credit could only be used up at rate of $3k/year and only in years where you also owed AMT?
by buck4roo 4y ago
Correct me if I'm wrong, but I recall this AMT overpayment credit could only be used up at rate of $3k/year and only in years where you also owed AMT?
- psanford 4y agoHere's the relevant code. It sounds like your understanding doesn't match the current rules (consult a tax professional): https://www.law.cornell.edu/uscode/text/26/53 https://www.law.cornell.edu/uscode/text/26/53