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Deductions & credits
I respectfully disagree. As is explained at the link at the end of this post, when one is subject to the amt it can be beneficial to itemize deductions rather than take the standard deduction even though the standard deduction is higher when subject only to the regular tax.
Moreover, TurboTax seems to understand this because there is a checkbox option at the bottom of Schedule A to itemize even though the standard deduction is higher. As I explained in my initial question, this option is greyed out. I suspect there is a way to make this selection somewhere in the software interface, but I cannot find it. Does someone know where in the software interface I can select this option?
<a rel="nofollow" target="_blank" href="http://sfmagazine.com/post-entry/december-2015-taxes-the-standard-deduction-or-itemized/">http://sfm...>
Moreover, TurboTax seems to understand this because there is a checkbox option at the bottom of Schedule A to itemize even though the standard deduction is higher. As I explained in my initial question, this option is greyed out. I suspect there is a way to make this selection somewhere in the software interface, but I cannot find it. Does someone know where in the software interface I can select this option?
<a rel="nofollow" target="_blank" href="http://sfmagazine.com/post-entry/december-2015-taxes-the-standard-deduction-or-itemized/">http://sfm...>
‎June 4, 2019
5:48 PM