Scheveningen ReservationsWhen Can You Take a Credit for Prior Year Minimum Tax? You may be able to take a credit against your regular tax on your1999 tax return if any of the following apply. Budapest hotelsYou paid AMT in 1998. You had a minimum tax credit carryforward from 1998 to1999. You had an unallowed nonconventional source fuel credit orqualified electric vehicle credit not allowed for 1998. Individuals use Form 8801 to figure the amount, if any,of their minimum tax credit, and to figure any minimum tax creditcarryforward. Reduction for canceled debt.You may have to reduce the credit if you exclude from income acanceled debt from any of the following. A bankruptcy case. Insolvency. Qualified farm debt. Malmo accommodationYou must reduce the amount available at the beginning of the yearafter the debt was canceled before preparing Form 8801 for that year.For more information, see Cancellation of Debt in chapter 4.