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News > RESOLVED: Amount transferred to Schedule 1 when both TOSI and AMT apply

RESOLVED: Amount transferred to Schedule 1 when both TOSI and AMT apply


We have discovered an issue in TaxCycle T1 2018 in T1 returns where both Tax on Split Income (TOSI) and Alternative Minimum Tax (AMT) apply.

When TOSI is applicable on the T1206 (line 28 is greater than zero) and AMT is also applicable on the T691 (line 95 is greater than zero), TaxCycle transfers the amount from the T1206 to line 420 of Schedule 1.

Resolution

This issue is resolved in version TaxCycle version 8.2.35573.0.


 

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