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AMT NOL FORM 6251 QUESTION
10/30/09 8:59 PM, Viewed by asker 10/31/09 2:29 PM
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Total Views: 55
On the form 6251 for the 1040, where do you put the AMT NOL adjustment? Looks like you first rerun the 6251 in the carryback year with the lower income (reduced by the NOL) on line 1, then you enter the AMT NOL adjustment on line 27 (for year 2006). (I could be way off base here but this is my best guess.) Thank you.
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Answer
10/30/09 11:17 PM
Look at the form - the descriptions are right there.
Line 11 adds back the regular-tax NOL. Line 28 subtracts out the AMT NOL.
(For 2009, the two adjustments are adjacent - on Lines 27 and 28, I believe.)
ETA: for 2006, the lines are 10 and 27. Add back the entire regular-tax NOL on 10, and subtract out the entire AMT NOL on 27.
Hey, we get sig files now! Cool - I wonder what I'll put here? Ah, I know: RTFM.
Comment
I see it now. Thank you so much.