How do I account for AMT consequences when I use non capital loss carryforwards?The relevant options are found in the group NonCapLossCF under the keyword Amt-Info.ncc. They are:
These amounts are subject to AMT and DT Max will add them to line 42 of form T691, up to the amount deducted on line 251 or 252 of the federal return. Similarly, they are subject to Quebec AMT and DT Max will add them to lines 150 to 154 of form TP-776.42, up to the deduction claimed on line 289 of the Quebec income tax return. July 28, 2000 |