joetaxpayer[at]nospam.com wrote:

- quote -

It seems to me that you don't actually have any tax
attributes affected by this. There is a credit for refund
of previous year's AMT, but that only applies to AMT caused
by timing differences, not for items excluded from AMT
consideration, such as property taxes.

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For my 2003 return, I understated (missplaced a check) my
property tax. I just ran the correct number through Turbotax
and my AMT would rise to offset any extra property tax I'd
claim, so no greater refund. Do I need to send in an
ammended return?

I see AMT appearing on the "Federal Carryover Worksheet"
does that imply a credit if my situation changes next year?

I appreciate any advice here.

JOE

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