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dd4vols
Intuit Community Champion
October 31, 2024
Question

4797 AMT PAGE 2

  • October 31, 2024
  • 1 reply
  • 5 views

Is there any way to get to page 2 of the 4797 AMT???  Not that I don't trust the software, but i sure as heck can't check to make sure I should trust them.

And I hate any and all things related to AMT!!

1 reply

Intuit Community Champion
November 1, 2024

When in clients file just click on the green question mark at top menu and type in 4797, But page two is for sale of business property subject to recapture of ordinary income. Don't think AMT is on form 4797 unless there is a difference between regular gain or loss and the AMT gain or loss 

dd4vols
dd4volsIntuit Community ChampionAuthor
Intuit Community Champion
November 1, 2024

yeah....that is the problem...there is a difference....which then opens up about $15K of Alt Min tax for my client.

you can get to the 4797ALT MIN page 1, but it gets an amount from line 31, which is on page 2 of the 4797ALT MIN.  and therein lies my issue.

thanks for reading my post.  I'll keep digging. 

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