Quote:
Originally Posted by mickster
When the credits push the taxes owed below the floor for the AMT, the credit for the Hybrid stops.
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That's exactly it.
One can't pay in federal income taxes, less than their AMT amount. So, all the tax credits, when added together, can't push you below your AMT amount.
So, in addition to filling out the Hybrid tax credit form, 8910, you have to now actually fill out the AMT form (6251?) even if you wouldn't have to otherwise, just to calculate your tax credit limit.