TurboTax 2021 will not allow me to enter Investment Expenses Allocable to Investment Income for state taxes paid on line 9b (Form 8960, Part II). I see where there is an itemized deduction limitation on the worksheet and ultimately total deductions are limited to 2% of AGI. I used the standard deduction, but I don't see where that matters. Example: $250k investment income, $8K state income tax, but limited to $5K AGI.
No deduction or modification of Net Investment Income Tax was calculated so I tried to enter in Forms mode, but it just switches back to the Schedule A for State Tax which I have entered correctly. I would like to understand if TT has a reason that they do not allow this adjustment to be made.
