Fudging the 2007 AMT form 6251

[RJM]

I have been using the 2007 ATX program to calculate January 15th estimate payments for many clients. The program seems to be working pretty well already. But for the AMT, the form 6251 does not yet appear to be updated for the new patch.

Does anyone know if I can just go into the Exemption Worksheet for the form 6251 and override line 1 for the new exemption amount? For example for MFJ I have been writing in $66,250, overriding the old $45,000 amount.

Also, if this is on the right track, should I be overriding any other fields?

Or... Am I nuts for trying to use the 2007 program this early? Thanks for any help !

[cred65]

I have been using the 2007 ATX program to calculate January 15th estimate payments for many clients. The program seems to be working pretty well already. But for the AMT, the form 6251 does not yet appear to be updated for the new patch.

Does anyone know if I can just go into the Exemption Worksheet for the form 6251 and override line 1 for the new exemption amount? For example for MFJ I have been writing in $66,250, overriding the old $45,000 amount.

Also, if this is on the right track, should I be overriding any other fields?

Or... Am I nuts for trying to use the 2007 program this early? Thanks for any help !

Yes it works.

Click on Line 29 Form 6251, then Override line 1 exemption.