AMT Credit; filing status change
Client is MFJ in 2008, divorced and HOH in 2009, do I have to allocate the information on the 8801 (from the 2008 return) for the AMT Credit or use the full amount that was on the 2008 return?
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d4w9P4YySr3QjyacfA8pyY
11/04/09 1:50pm PST
Viewed by asker 11/10/09 12:11pm PST
Viewed by asker 11/10/09 12:11pm PST
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The solution
You will need to calculate the amount attributable to your client. Unless all of the taxable income and tax is theirs, they are not entitled to the full credit.
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