Knowledge Base

13331: Tracking AMT NOL in the Software

1040 Individual

Where can I enter information for the Alternative Minimum Tax (AMT) part of my Net Operating Loss (NOL)?

In Drake Tax, you may enter amounts needed to track the AMT portion of your NOL on the LOSS screen, located on the Other Forms tab in data entry. This produces a worksheet titled Wks NOLA in View/Print mode.

Note: There is a field on screen LOSS which gives you the option to apply a percentage of the NOL against Form 8960, Net Investment Income.

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