My AGI is over $1mil and I have a substantial amount of mortgage interest, investment interest expense, and charitable donations totaling close to $100k. When I file for NYS, for some reason, turbo tax is defaulting to standard deduction around $11k. I am aware that the itemized deduction amount is reduced after $1mil threshold but I should still come out much better with itemized deduction. I looked around for solutions to override this on Turbotax Desktop and it isn't letting me on NYS form.
In federal work sheet there is an option to choose "itemize even though it's less than standard deduction" and I re-did my NYS worksheet with no change whatsoever. Since it's defaulting to the standard deduction, I can't even access my IT-196 form.
If anyone had a similar experience, please let me know!
