Taxpayers are required to recalculate their income tax under the AMT by completingForm 6251. If the AMT is more than the tax calculated the regular way, then the AMT in excess of your regular tax is reported on line 45 of form 1040. Most tax-preparation software will automatically complete ...
Even better, in the last minute, I realized that there is an obscure Form 8801 that allows us to claw back the AMT we paid in prior years. Total additional credit claimed: $617. We expect our final tax refund check to be $10,700, and I don't believe we can get this much if we...