Investors and rental owners

Thank you TurboImportLiseD

 

Your reply implies that TurboTax calculations for the "Minimum Tax" is not the same thing as AMT.  I understand that previous years' AMT amounts may also impact the current year's Minimum Tax.  So it makes sense that Turbotax cannot guarantee the Minimum Tax on the Summary Tax sheet is correct.

 

But you could have said that.  It is useful to know.

 

TurboTax does a great job of pulling in rolling yearly amounts for certain line items (e.g. capital losses from previous years, RRSP contribution limits, etc).  Assuming that someone has been using Turbotax for 10 or more years, would their AMT history be carried forward year over year?