AMT and Equity Compensation
Alternative minimum tax, nonqualified stock options, incentive stock options and other forms of equity compensation.
paid AMT for year 2014
Posted by: JR_TX, January 24, 2016 09:41PM
I paid about $2000.00 extra for year 2014 due to AMT. Is there a way to reclaim some or all of it for year 2015 tax return?

Re: paid AMT for year 2014
Posted by: Art, January 25, 2016 04:03AM
Form 8801 can be filed each year to claim AMT credit.

However if AMT was caused by high AGI, by too many exemptions, by such AMT preference items as Sch A deducted taxes or misc deductions subject to the 2% haircut, you will not see a credit. But to the extent AMT was caused by deferals/income shifting from one year to another, such as from ISO exercise, or use of lower depreciation for AMT, you may generate AMT credit amounts.




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