Line 427 – Minimum tax carryover
Line 427 – Minimum tax carryover
If you paid minimum tax on any of your 2004 to 2010 returns but you do not have to pay minimum tax for 2011, you may be able to claim credits against your taxes for 2011 for all or part of the minimum tax you paid in those years. To calculate your claim, complete the applicable parts of Form T691, Alternative Minimum Tax. If you are filing electronically, keep your Form T691 for your records. If you are filing a paper return, attach your Form T691.
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