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  #4  
Old 06-06-2005, 08:23 AM
rick++
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Default Re: Turbotax Alternative minimum tax

- quote -

> Yes, TurboTax does. I would imagine that TaxCut and TaxAct
> do also.


However, TT does not show you the calculation unless you
exceed the threshhold for filing or if you specifically open
that form.

(Its disconcerting to watch oneself get closer to the
threshhold each year.)

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  #3  
Old 06-02-2005, 11:38 PM
Bob Sandler
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Default Re: Turbotax Alternative minimum tax

- quote -

> TurboTax limitations include no 1041 (to file for a trust)

TurboTax Business includes Form 1041. The personal (1040)
and business programs are separate products.

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  #2  
Old 06-02-2005, 10:59 PM
Bob Sandler
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Default Re: Turbotax Alternative minimum tax

- quote -

> Does Quicken TurboTax or other inexpensive software
> calculate the latest Alternative Minimum Tax


Yes, TurboTax does. I would imagine that TaxCut and TaxAct
do also.

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  #1  
Old 06-02-2005, 06:21 PM
JoeTaxpayer
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Default Re: Turbotax Alternative minimum tax

malibu.ron[at]verizon.net wrote:

- quote -

> Does Quicken TurboTax or other inexpensive software
> calculate the latest Alternative Minimum Tax


Absolutely. I used TurboTax and it does AMT. I can't imagine
non-free software not calculating this. TurboTax limitations
include no 1041 (to file for a trust) and limited number of
schedule E forms (more than 50 or so rentals and you need to
upgrade).

Joe

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Old 06-02-2005, 06:02 PM
Jonathan Kamens
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Default Re: Turbotax Alternative minimum tax

malibu.ron[at]verizon.net writes:

- quote -

> Does Quicken TurboTax or other inexpensive software
> calculate the latest Alternative Minimum Tax


I'm not sure what you mean by "latest", but yes, TurboTax
(don't know about the others) supports AMT calculations.

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  #-1  
Old 06-01-2005, 09:25 AM
malibu.ron@verizon.net
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Default Turbotax Alternative minimum tax

Does Quicken TurboTax or other inexpensive software
calculate the latest Alternative Minimum Tax

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