TT2024 Standard: Carrying charges for fees for investment advice show up in the Alternative Minimum Tax Easy Step

[ProRad]

I am using Easy steps method. I have entered an amount of xxx dollars into "Carrying charges for fees for investment advice" field. This seems to somehow gets misinterpreted as "current year non-capital loss" and shows up in the Alternative Minimum Tax screen.

More details:

Even though I do not have current year non-capital loss, I get a warning "You have a current-year non-capital loss on your return, but one or more entries is missing on Form T691: a loss reported on line ..."

When I click in the warning, it elaborates further as follows: "You have a current-year non-capital loss on your return, but one or more entries is missing on Form T691: a loss reported on line 12600 but no entry on line 67830; a loss reported on line 12200 but no entry on line 67840; a claim on line 23200 but no entry on line 67820; or a claim on line 22100 but no entry on lines 67820 or 67840. Check your entries and make the necessary corrections."

When I click on "Applies to me", it gets me to "Alternative Minimum Tax" Easy step. 

At the bottom of this screen I can see: "There is a claim of $ xxx reported for carrying charges, interest expenses, or other expenses, but there are no entries on this step. Review your entries in the section for tax shelters, partnerships, and non-active partners."

And the xxx dollar amount is exactly the amount I claimed for "Carrying charges for fees for investment advice".

Yet, none of the options offered in the "Alternative Minimum Tax" Easy step apply.

Am confused.

Is this another TT2024 bug?

[TurboTaxSusan]

If it's just a warning, you can ignore it if it doesn't apply to you.

[ProRad]

Thank you for your input.

> If it's just a warning, you can ignore it if it doesn't apply to you.

Well, that's the catch: TT20224 suggests that it does apply to me. TT2024 "Alternative Minimum Tax" Easy step page suggests that without a doubt I have made an error in entering data by saying "There is a claim of $ xxx reported for carrying charges, interest expenses, or other expenses, but there are no entries on this step. Review your entries in the section for tax shelters, partnerships, and non-active partners." whereas the amount of xxx dollars is actually associated with "Carrying charges for fees for investment advice".

Said warning is a result of me trying to ignore the unreasonable suggestion on the "Alternative Minimum Tax" page.

Also, when I look at T1 General form, the line 12600 says 0.00.

Are you suggesting that I should be smarter than the TT2024 and conclude that this does not apply to me even though the TT2024 suggests that it does apply to me?

Please fix the bug.