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Level 3
April 24, 2021
Solved

My client had over 100k in regular k-1 passive activity carryover losses, but didn't anything on his AMT losses, are they the same?

  • April 24, 2021
  • 1 reply
  • 7 views

Do I have to include AMT loss carryover, why is ProConnect automatically generating a form 6251? Thanks.

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Best answer by sjrcpa

No. A fairly safe assumption would be that the AMT carryover is the same as the regular one.

1 reply

sjrcpa
Level 15
April 24, 2021

The AMT PAL carryover can be different than the regular PAL carryover. Depreciation and state taxes are the most common differences.

The more I know the more I don’t know.
cpa41Author
Level 3
April 24, 2021

But if the previous CPA hasn’t filed anything for AMT does that mean his prior year amt carryover is zero? thanks so much!

sjrcpa
sjrcpaAnswer
Level 15
April 24, 2021

No. A fairly safe assumption would be that the AMT carryover is the same as the regular one.

The more I know the more I don’t know.