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Seniors and students
To enter the necessary information in the "Alternative Minimum Tax" section in TurboTax. Here are the steps to follow:
1. Log in to your TurboTax account and select the tax return for the relevant tax year
2. Click "Find" on the top-right corner.
3. Search for "Alternative Minimum Tax" and select "Start" to begin.
4. Follow the prompts to enter your T3 and RSP contribution amounts.
5. TurboTax will calculate the "Alternative Minimum Tax" based on the information you provide, and the program will automatically compare the "Alternative Minimum Tax" amount to your regular income tax liability.
Note: If you have any other sources of income or deductions that may affect your "Alternative Minimum Tax" liability, TurboTax will prompt you to enter that information as well.
Thank you for choosing TurboTax.