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Claiming AMT Credit (Form 8801) In order to claim your AMT credit, you will need to file IRS form 8801. You typically will not be able to claim 100% of your AMT credit right away due to limitations. Recall that when calculating AMT you calculate your tax in two ways.
To figure out whether you owe any additional tax under the Alternative Minimum Tax system, you need to fill out Form 6251. If the tax calculated on Form 6251 is higher than that calculated on your regular tax return, you have to pay the difference as AMT in addition to the regularly calculated income tax.
Incomes above the annual AMT exemption amounts typically trigger the alternative minimum tax, and calculating AMT is different from calculating your tax under regular IRS rules.
If you could not claim your entire credit in six years, any remaining amounts of AMT that you paid were forfeited. Under current tax law, you can carry forward your AMT credit for up to 20 years. For most taxpayers, that length of time will be sufficient to ensure that they can claim the entire credit due to them.
AMT credit can be carried forward for set-off up to a maximum period of 15 assessment years succeeding the assessment year in which the credit becomes allowable.

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Any unused credit may be carried forward indefinitely as a credit against regular tax liability to the extent that regular tax liability reduced by all other nonrefundable credits exceeds tentative AMT liability for the tax year. The credit may not offset AMT liability.
California allows the credit to be claimed over a four-year period, not ten years as required under federal law.
$95,200 is the most AMT credit we can use for the taxable year. If we have remaining AMT credit, we can carry it forward and use it for future years.

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