Thank you, ColleenD3, for the quick and informative response. Much appreciation for your expertise! 🙂
Sorry to admit, we're still confused as some of my questions still weren't answered - none the less, thanks for providing the form. As we're not tax experts we use Turbo Tax to do all of these calculations for us in the software - we still do not have a clue what to do and now a waiting game until March 17 for the actual forms are released and added (software update/forms update) to the Turbo Tax Deluxe so the 'software' does the work.
We were informed it'd be okay going from Premier to Deluxe (as we no longer have a rental property disposed of in Tax Year 2020); however, not sure that's accurate - we may just download Premier to see if it changes the outcome - because, we always owe taxes, never ever receive a refund.
For us to figure out what may have triggered the AMT, well, then why do we need Turbo Tax as it's supposed to make taxes easy, not harder. Thank you.
