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Last Updated: 7/16/2018

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Individual Income Tax

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Individual Income Tax > Tax Information > Credits: Alternative minimum tax

  • I had to pay Alternative Minimum Tax (AMT) on my Minnesota return last year due to some gambling winnings that triggered it. Can I take the AMT Credit this year?Back to top

    No. The credit is only allowed for certain items such as depreciation, depletion, intangible drilling costs, passive activity loss adjustments, and incentive stock options. ‚Äč