My software ignored Form 8801 because I do not owe AMT this year. Is that a mistake if I paid AMT before?
I paid AMT in a prior year because of timing issues, but the current-year return does not generate AMT. My software is acting like that means the topic is over and no form is needed. A different adviser told me that is exactly when Form 8801 becomes relevant if there is a prior-year minimum tax credit to claim.
I want to know whether the absence of current AMT should actually make me look harder at Form 8801 rather than less. If there is a carryforward hiding in the background, I do not want it to disappear because the software skipped the form.
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