I found the help on this subject which says:
"...
After you enter the updated income, TurboTax will automatically calculate your updated tax liability. To determine your Claim of Right Credit, subtract the amount of the updated tax liability from the original tax liability. Next, you’ll apply the credit. To do this, you’ll need the current year of TurboTax CD/Download.
Applying the credit
Return to the current tax year (The credit can only be applied using the Forms mode in the TurboTax CD/Download product). Select the Forms icon. Choose 1040/1040SR Wks from the list on the left and the worksheet will appear. Scroll down to the Other Credits and Payments Smart Worksheet (you can find this in a box near the end of the worksheet).
..."
AND I have gone into the form and put the RESULTING difference in tax liability into the form.
BUT I also find in the Deductions & Credits section under a page for "Less Common Expenses" -->
Tell us about your other expenses
In some situations these amounts must be adjusted for the calculation of Net Investment Income Tax (NIIT). TurboTax does not support these adjustments.
Unrecovered investment in pension $_____________
Claim of right repayment over $3,000 $____________
Estate tax deduction not reported on an estate K-1 $___________
Ordinary loss attributable to certain debt instruments (such as treasury inflation-protected securities) $_______
Amortizable bond premium $____________
SO my question is this ...
how does the instruction to go into the form and put the value in and this page interact?? Do I do both? Do I do one OR or the other? Do I ignore one and do the other? and if I use the page labeled "Tell us about your other expenses" what do I put in the second line for the Claim of right repayment over $3,000? Do I put in the value of the repayment of the change in the tax liability?
