Why is the Quebec AMT calculated incorrectly for tax year 2001?
This problem occurs in tax year 2001 only. If the taxpayer is claiming a tax credit respecting the acquisition of shares of Capital rgional et coopratif Desjardins (RL-26) on line 422 of the Quebec return, the amount on line 31 of Quebec form TP-776.42 (Calculation of alternative minimum tax) does not reflect this tax credit. Furthermore, line 40 shows an incorrect amount but line 42 is calculated correctly. As a workaround, you may override line 36 of form TP-776.42. Lines 31, 35, and 40 however must be corrected manually. Please note that this problem does not occur in tax year 2002.
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