Line 13k – Tax shelter farm activities

If you include AMT adjustments or preferences on this line, do not include them on any other line of this schedule.

Complete this line only if you have a gain or loss from a tax shelter farm activity, as defined in IRC Section 58(a)(2), that is not a passive activity. If the tax shelter farm activity is a passive activity, include it with your other passive activities on line 11.

Refigure all gains and losses you reported for regular tax from tax shelter farm activities using your AMT adjustments and preferences. Figure your tax shelter farm activity gain or loss for AMT using the same rules you used for regular tax except for the following:

Do not take any refigured loss unless you are insolvent. See IRC Section 58(c)(1).

Do not offset gains from other tax shelter farm activities with your refigured loss.

Suspend and carryover your loss to future taxable years until one of the following apply:

Have a gain in a future taxable year from that same activity.

Dispose of the activity.

Enter on this line the difference between the amount that was reported for regular tax for the activity on federal Schedule E or federal Form 4835 and the amount that would be reported for the activity for AMT.

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Line 13k – Tax shelter farm activities

Official source

If you include AMT adjustments or preferences on this line, do not include them on any other line of this schedule.

Complete this line only if you have a gain or loss from a tax shelter farm activity, as defined in IRC Section 58(a)(2), that is not a passive activity. If the tax shelter farm activity is a passive activity, include it with your other passive activities on line 11.

Refigure all gains and losses you reported for regular tax from tax shelter farm activities using your AMT adjustments and preferences. Figure your tax shelter farm activity gain or loss for AMT using the same rules you used for regular tax except for the following:

Do not take any refigured loss unless you are insolvent. See IRC Section 58(c)(1).

Do not offset gains from other tax shelter farm activities with your refigured loss.

Suspend and carryover your loss to future taxable years until one of the following apply:

Have a gain in a future taxable year from that same activity.

Dispose of the activity.

Enter on this line the difference between the amount that was reported for regular tax for the activity on federal Schedule E or federal Form 4835 and the amount that would be reported for the activity for AMT.