I have the same problem. They corrected this programming error in an update I downloaded today, except my return was already efiled. My return has yet to be accepted or rejected by the IRS after a week.
This is a significant programming error TurboTax!
What do I do now?
What to do now: Wait to see if your tax return is accepted or rejected. Then...
The corrected Form 8801 is expected to be release later today (Release 20). You need to check on it this weekend.
You should delete the form in your return. When a corrected form is updated it is possible for some old calculations is still in the form. Deleting the form will allow only the corrected form to be loaded.
To delete a form off of your return you need to:
Sunday 3/8, same problem here. I tried to override the blank space and enter the amount from line 24 as the instructions prescribe, but now turbo tax won't e-file for me because of the override.
Any update Turbotax?
In fact, and weirdly, line 25 was properly included when I saved a copy last Sunday (3/1) but when I updated TT today and re-opened the file, suddenly I owed a lot more federal tax than a week ago.
3/12 still waiting for an update for this glitch. Nothing for this was included in the latest update that I just downloaded. Intuit, are you listening?
Deleting the form did not work. What now? Has your software actually been corrected?
Software has not been corrected. I just keep waiting for an update that solves this problem. I suppose I could call Intuit, but ....
I am having the same problem and waiting for an update to fix it. Why is it taking so long to fix such a huge problem?
Deleting the form does not work. Is this programming error ever going to be corrected? Do I have to purchase a competing product to get a correct tax return? This is ridiculous.
Did you try entering the AMT carryover in the "Estimates and Other Taxes Paid" section in the "Deductions and Credits" area of TurboTax?
That worked! Thanks so much. It seems like the info from 2018 form 6251 did not automatically transfer and autofill into 2019 forms. Manually entering the info via the step-by-step Deductions and Credits section (specifically "Credit for AMT paid in prior year") did the trick.
Thanks again.
Hi Kurt,
Today is 3/26/2020. I use TurboTax Premier 2019. Latest updated as of today.
I have the same issue. On form 8801, line 25 doesn't have value which is supposed to be the smaller of line 21 or line 24. Please fix the bug. Thanks!
Follow KurtL1's advice to delete the old 8801 form. Then went over again "Credit for AMT Paid in Prior Year" under "Deductions & Credits" tab. The problem solved! I was able to get AMT credit.
I had the same problem. But have not been able to fix. I deleted my Turbotax program and reinstalled hoping there was an update. But have loading and running the updates, when I open my tax filing, the results were the same. Nothing on line 25. I also tried deleting the form and then reloaded but no change. Still nothing on line 25.
Thomas thanks that worked. But why Turbo Tax had to use a work around to get this right is beyond me. How many people that don't catch this and are missing out on the AMT carry forward credit?
And to top it all off - my return was rejected the first time so I had paid to file the state return then and now Turbo Tax charged me again to file my state return. I will be disputing with my credit card company.
Next year I definitely will be using one of your competitors products.