Minimum amount from line 59 of Form T691 incorrect (T2038)

Program(s) affected: T1 Document created: 04 26, 2007 Tax year(s): 2006 Document last modified: Version(s): 10.23 Problem status: Fixed in v10.30

The calculation of the allowable claim if alternative minimum tax (AMT) applies is not performed correctly on Form T2038 (ITC) of my client, why is that?

This issue is due to the fact that in certain cases the amount from line 59 of Form T691 is not reported correctly on Form T2038 in the section titled "Calculating an allowable claim if alternative minimum tax (AMT) applies."

As a workaround:

• Force the display of AMT form (T691) through Display-OV keyword;
• Take a note of the amount from line 59 of Form T691;
• Remove the Display-OV keyword for AMT;
• Perform a manual calculation of the amount that should appear on line F of Form T2038 (section "Calculating an allowable claim if alternative minimum tax (AMT) applies.");
• Using keyword Override , override line F of Form T2038 with the correct amount.