topic AMT section in Get your taxes done using TurboTax

AMT section

Fish5 — Tue, 02 Mar 2021 16:24:20 GMT

It seems like when I did the AMT section, TT asked me to fill in my income from last year's return from line 10 I believe, but my taxable income is on 11b. Am I misunderstanding this?

Re: AMT section

DaveF1006 — Tue, 02 Mar 2021 21:28:05 GMT

It depends. If they are asking about line 10 of the 1040, this is a QBI deduction that you may have taken last year. Can you send a screenshot regarding the message you are receiving in order to clarify your question?

Re: AMT section

Fish5 — Tue, 02 Mar 2021 23:02:54 GMT

I can't seem to get a screen shot. The prior page asks if I know my capital loss carry over amounts, I said yes, then on the next page, from last year's return, the system asks for info from the 2019 Schedule D and Form 1040, asks for the net short term capital gain, net long term capital gain, and allowable loss, Schedule D lines 7, 15 and 21, and the fourth entry or box asks for income, Form 1040, line 10, but my taxable income last year I believe was on 11b.

Re: AMT section

WendyN2 — Wed, 03 Mar 2021 20:43:18 GMT

No, you cannot take "screen shots" via the system - it does not permit it - you're not doing anything "wrong", per se, it just does not allow it for many reasons. As for the Taxable Income line - yes, you are correct in that the information in the system is incorrect when it is directing you to line 10 - 2019 Form 1040 line 11b is the spot where it resides. The issue is known but cannot be corrected at this point as it is hard coded from prior years.

Re: AMT section

Fish5 — Sun, 07 Mar 2021 00:56:20 GMT

Thanks much!