Form 8801 Credit for Prior Yr Minimum Tax

[ed_accountant]

Has anyone used this form 8801 in ATX?

I have a new client who used Turbo tax in 2006 and had a minimum tax credit carryforward to 2007, form 8801. I input the #s into ATX and the form 8801 and it calculates it incorrectly. Line 9 on Form 8801 does not calculate.

Has anyone else had Form 8801 issues?

[jklcpa]

My form 8801 seems to be calc line 9 correctly. It's ver 19 of the form.

When I added the form to this year's return, I was actually surprised that ATX info populating the form with 2006 data even though it wasn't in the rollover.

Anyway, since you used TurboTax last year, the thing I noticed is this: up at the top above the form, make sure you've entered the filing status used on LY return. When I deleted that entry, line 9 did indeed go blank. Maybe that'll fix you up.

[ed_accountant]

Thank you. The client used turbo tax not me...

I did have the last year filing status completed but I did not have the taxpayers date of birth in the system. Line 9 will not cacluate unless you have the date of birth in the system and the taxpayer is older than 18. It is working now. Thank you for your help :)

[jklcpa]

Sorry Ed, I didn't mean you used TT, I did mean that TT was used to prep LY return. Anyway, I'm glad you solved the problem.