THanks.. That would make sense if I was using the non-simplified method ('Simplified Limitation Election' in 6521 instructions)
But I have been doing the simplified election method. Except for 2021 by mistake (and that year I was not hit by AMT, so I don't think it should count).
What is the logic? Keep track of the FTC carryovers for AMT just in case one day I start being hit by AMT and decide to use then the non-simplified method? I would have think that the first year that this happened carryovers reset and the FTC carryovers for AMT would be the same than the FTC carryovers for non-AMT
If so, anybody having to file 1116 and never being hit by AMT, should track this info for ever and ever just in case you ever have to do FTC and AMT.
Is there any IRS info that details this?
