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Why is Turbo Tax Calculating my 2022 Tentative Tax as $0 when it should be an actual value when using the Tax Computation Worksheet from the IRS?
Turbo Tax is calculating my 2022 Tentative Tax as $0 even though when I manually calculate it using the Tax Computation Worksheet from the IRS, it should be $20,584. Consequently, Turbo Tax thinks I'm subject to AMT of $10,359. I'm looking at my IRS Tax Transcript and it figured my Tentative Tax as $20,584 (which is consistent with my calculation) and AMT of $10,359 for a total of $30,942 even though my actual AMT should be $0, when using the AMT Worksheets with the correct Tentative Tax. I realize I probably have to amend this return, and I can't figure out how to "force" Turbo Tax to use the correct Tentative Tax amount. Any thoughts and assistance would be appreciated. Thank you!
March 9, 2023
1:05 PM