Faced same issue, plus another major issue that I did not see others mention. The TY21 -> TY22 conversion AMT capital loss carryover adjustment smart worksheet put incorrect values in the “Corrected TY 21” and “Corrected TY22” Line 9, and Line 13. In fact, the “Corrected” value for these lines for both years has been set to 0 (zero) by Turbotax. This is totally incorrect because I have a large AMT capital loss carryover from the Dotcom bubble burst that I have slowly been reducing, and it needs to be kept and continued to be carried over likely for many years to come. For Turbotax to set the Capital Loss Carryover value to zero for these lines is unacceptable.
I will go back and use the suggestions to try and get the correct numbers, but it looks like when I do, I will have to manually overwrite values on this form for the Corrected TY21 and Corrected TY22 line 9 and line 13 values or I believe next year when I do the import it will continue to have incorrect values and I will lose my AMT carryover loss.
I have been using Turbotax for decades and my AMT Capital Loss carryover has always been correct (at least I thought so?). Setting my Capital Loss Carryover value to zero, saying it is "Corrected", and not having any explanation on how/why they were “corrected” is unacceptable. I have ended up holding filing my taxes because of this issue, and it is taking hours to figure out how do get this settled. Fortunately, the user’s have offered useful suggestions, but where is the help and an official response from Turbotax in all of this?!
Can a TurboTax representative please step up, provide some guidance on a fix, and help us regain some confidence in this product?
Thank you.
