Form 8801 - Entering Credit for Prior Year Minimum Tax in Program
1
Federal Form 8801, Credit for Prior Year Minimum Tax - Individuals, Estates, and Trusts is for the calculation of a credit in certain circumstances when one has had the Alternative Minimum Tax (AMT) in a prior year.
Certain numbers are automatically pulled into the form from the current year's return in anticipation that the form may be needed. Additional information from the prior year return is necessary to enable the calculation to be done. If one imports the prior year return in TaxAct, the applicable information is automatically drawn in from the prior year return. Otherwise, that data must be entered into the system.
To enter information to complete Federal Form 8801, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Deductions & Credits.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Estimates & Other Taxes Paid drop-down.
Click Add beside Credit for AMT Paid in Prior Year.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Other Credits drop-down, click the second Other credits drop-down, then click Credit for Prior Year Minimum Tax - Form 8801.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Other Credits drop-down, click the second Other credits drop-down, then click Credit for Prior Year Minimum Tax - Form 8801.
Complete the rest of the interview process.
Your request has been submitted
You have been successfully added to the TaxAct Do Not Sell list.