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I live in NY and am filing Schedule H. Line 20 should be capped at $7,000, but Turbo Tax software is entering a much larger value ($12,000). How do I fix this glitch?
NY is a credit reduction state for Schedule H purposes. Accordingly, I am supposed to fill out Section B on Schedule H. The turbo tax tool erroneously imports a value in line 20 that's greater than $7,000, which it imported from Line 17(b). Per Schedule H instructions from IRS, line 20 is capped at $7,000. How do I input the max amount of $7,000 on line 20 instead of the $12,000 value that it imported from line 17(b)?
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‎February 21, 2023
5:57 PM