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posted Mar 23, 2020 11:46:13 AM

Alternative Minimum Tax - Form 691

Using Turbo Tax Premium Form 691 Line 55  $9,289.95, Line 60 $1,810.35, Line 61 0.00.  Form say line 61 should be line 55 minus line 60. Why does program show 0.00?

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Moderator
May 9, 2020 5:12:29 PM

For Line 61, if the result of Line 55 minus Line 60 is a negative number, then Line 61 will equal zero. If Line 61 equals zero, then you are not subject to the Alternative Minimum Tax.