@mcboler :
when I filled out the form, the last screen showed a 7K tax credit which I adjusted down to the right amount. This appears to be wrong, do not edit it.
I looked at the form that turbo tax sends over to the IRS and it calculates the phase out too. So in my case it was 7K - 50%. I was worried about it attempting to submit 7K on my behalf but it looks like it only submitted for 3750 as I expected.
of course I wouldn’t take this as gospel, see for yourself and make sure your comfortable submitting it, turbo tax did a dreadful job with this form.
