The purpose of Form 8801 is so individuals, estates, or trusts can calculate their minimum tax credit they incurred in a prior tax year and to figure any credit carryforward to the next tax year.
Who should file Form 8801?
According to the IRS, you should file Form 8801 if in the prior tax year you had:
- An Alternative Minimum Tax (AMT) liability and adjustments or preferences other than exclusion items,
- A credit carryforward to 2025 (on 2024 Form 8801, line 26), or
- An unallowed qualified electric vehicle credit
Where do I enter Form 8801?
To claim the credit for prior year minimum tax, please follow the steps below.
- Federal
- Deductions (Select my forms)
- Credits
- Credit for Prior Year Minimum Tax