no replies so here's what i did. the tax expert advise was not aware of any pending NM state updates. i double checked the instructions for NM PIT-adj and it was as i described. the tax expert was walking me through the state tax forms we saw the large deduction that was the 40% from previous yrs even for non NM based businesses. we deleted it and replaced it with the max allowed $2500 since my ltcgs was a larger amount.
Turbo Tax should fix this otherwise filers with large ltcgs will get a big surprise and a large penalty.
