tax advisor

Forum|Forum|1 year ago
May 13, 2025
2 replies
11 views

Has anyone had problems with Tax Advisor not factoring in capital gains rate in estimating tax, thus subjecting return into AMT? My projection has a $21,000 AMT. I called Proconnect, and was told there is no way to backtrack and see how Tax Advisor came up with the AMT.

ProConnect Tax

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sjrcpa

Level 15

That's a pretty lame answer. But it is Intuit Support.

I don't use the product, but is it possible you need to input capital gain amounts for AMT, too?

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

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bandb2Author

Level 4

In Tax Advisor, it carries forward actual 2024 data. All you can do is input changes in income and expense estimated for 2025, which I did. I inputted $350,000 of Capital Gains, but cannot see how Tax Advisor calculated the tax and determined that AMT kicked in. You cannot view their 6251 to see their support !

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bzach

Level 3

I am having this same issue right now. No way seemingly to adjust or view the AMT calculation in Tax Advisor.....

I use Lacerte for tax prep. I've tried re-creating it by building a copied client file in Lacerte and adjusting. The 2025 estimated tax worksheet does not generate AMT with the same adjustments. Seems to be an incorrect calculation by Tax Advisor but there is no way to override it.

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bandb2Author

Level 4

Intuit is having a one hour session on Tax Advisor on May 28.Opportunity to ask the experts!!! Check it out!. I registered!

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