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Under the Alternative Minimum Tax (AMT) rules, the standard deduction is completely disallowed, which means it must be "added back" to your taxable income for the AMT calculation regardless of whether you actually claimed it on your regular return.   The AMT calculation (Form 6251) starts with your regular taxable income. Because regular taxable income already has the standard deduction subtracted, the IRS rules require you to add that full amount back ($31,500 for Married Filing Jointly in 2025) to arrive at your Alternative Minimum Taxable Income (AMTI).  In some cases, it can actually be beneficial to "force" itemized deductions even if they are slightly lower than the standard deduction. This is because the standard deduction is a 100% add-back for AMT, whereas some itemized deductions (like charitable contributions or home mortgage interest) are not added back, potentially lowering your overall AMTI and total tax bill.    If you use TurboTax, you can see this comparison by going to the "Deductions & Credits" summary and selecting "Change my deduction" to see which method results in a lower total tax liability (regular tax + AMT).

To clarify: are you filing your tax return and claiming your daughter as a dependent? Or are you preparing a separate tax return for her?   If she is your dependent and is a foster child, you would check the box that she is a foster child and answer yes or no to the question: Was she placed with you by an authorized placement agency, judgment, or court order? in the Your Info area in TurboTax Online under Your Household.

It's possible this is browser-related or information that is not being cleared from prior responses.   First, delete all copies of Form 5695 by going to Tax Tools >> Tools >> Delete a form. Choose Form 5695 and confirm the deletion. Click Back when finished.   Now log out of TurboTax Online, refresh your browser, and clear your cookies and cache. Then restart your browser and log into TurboTax again. Or try a different browser to enter your Residential Energy Credit.   For more help, please see:  How do I delete cookies? How to clear your cache

@mchadderdon wrote: I found my answer.  The 28% is a maximum tax rate. Yeah, that's correct; the maximum long-term capital gains rate is 20% while the maximum collectibles (gain) tax rate is 28%. I did not realize you were unaware of the foregoing.   Also, don't forget about the NIIT, which both types of gains are subject to once the threshold is exceeded.

As you proceed through the State Taxes interview screens, one of the first should be a menu titled "Here's the income that Wisconsin handles differently" (see below), under Investments, select Start next to Wisconsin Capital Gains and Losses to make your adjustment(s).      FYI, you'll be filing Form WD and not 2WD (for estates and trusts), so you can skip over instructions for that form.    I also happened to run into this in the Form WD instructions, just in case your capital loss happens to be on Wisconsin-source property, you can take it: Nonresidents and Part-Year Residents: Nonresidents should include only gain or loss from Wisconsin sources on Schedule WD. Part-year residents should include the gain or loss received from all sources while a Wisconsin resident and the gain or loss from Wisconsin sources while a nonresident.    Gain or loss from Wisconsin sources includes gain or loss from the sale of land, buildings, and machinery located in Wisconsin, gain from the sale of stock acquired under an incentive stock option or employee stock purchase plan to the extent attributable to personal services performed in Wisconsin, and your share of gain or loss from an estate or trust, partnership, limited liability company (LLC), or tax-option (S) corporation which has been reported to you on Wisconsin Schedule 2K‑1, 3K-1, or 5K‑1. It doesn’t include losses from nonbusiness bad debts and worthless securities, and gains or losses from sales of stocks (except gain on stock acquired under an incentive stock option or employee stock purchase plan as explained above) while a nonresident.

If the transactions are being entered into TurboTax Online on a one-by-one basis, select How did you receive this investment and report I inherited it.   Select The cost basis is incorrect or missing on my 1099-B.   At the screen We noticed there's an issue with your cost basis..., select I know my cost basis and need to make an adjustment.   Retain your records of the cost basis should a tax authority have a question at a later time.   @Matilda 

To enter your 1099SM select the following: Federal Income Retirement Plans and Social security Social Security and Rail Road Benefit (SSA-1099, RRB-1099) Enter it as Social Security Income under the SSA-1099 entries.  It is treated the same

You generally do not need to amend NJ/NY state returns for a 2024 excess Roth IRA contribution if it was non-deductible and only triggers the 6% federal penalty. NJ/NY taxation on IRAs typically mirrors federal treatment, and a 6% penalty on excess contributions does not change taxable income. You can amend only the Federal 2024 return in TurboTax by opening the 2024 return and choosing "Amend a filed return" without engaging the state sections.    You will be able to indicate that you only need to amend the federal and not the state tax return in TurboTax.

 Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.   And....be careful about this:     USER ERROR WITH SOCIAL SECURITY ENTRY We have seen a lot of people who made a user error with the entry of their SSA1099.   The screen right after you enter the SSA1099 asks you if you lived in certain foreign countries in 2025.   If you skipped past that screen or answered incorrectly, your Social Security was not taxed correctly.   Look at your Form 1040 and see if line 6b was left blank due to that mistake.  The IRS is catching those mistakes and correcting them by reducing your refund or increasing your tax due.   It is really so important to read every screen slowly and carefully from top to bottom as you prepare your tax return to avoid errors.    

You may have more than one User ID.  See this for how to view all of your TurboTax accounts - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF)   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.   Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf

  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx   Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.