For tax year 2025 and first use of program-serious issue related to Form 8949 and AMT
I have no idea what has just occurred! I have been using the 2024 software for 2025 estimating with a sale of my Moorpark CA home. Schedule D properly shows the net gain after exclusion for both regular and AMT purposes. Somehow, Schedule D AMT is now getting into this and on line 10 is showing "Long-term totals from all Forms 8949 with box F or L checked" then effectively taking the basis of property sold and taking out both the exclusion and selling costs and computing a massive gain on sale! I have no idea what boxes F or L on Form 8949 are or how this works into it. At the moment, this freaking version is showing I owe more than an added $117K in taxes! This is completely nuts and not rational. Can someone answer this? Thank you! Jeff Lynch
