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Financial Planning / Tax Strategies


Subject:  Re: Tax Software Date:  2/4/2009  7:52 AM
Author:  chris319 Number:  104242 of 127613

I'm not going to reveal the name of the program just yet.

This program requires you to go through the interview process and there is only one place to logically enter these things: in the "other income" section. These items appear on line 21 of form 1040, which is correct, but they are not from "property held for investment" so they should not flow to 4952. It correctly has my interest and dividends going to 4952.

I'll almost guarantee that any software will get these two right.

Think again. There is only one place to enter "miscellaneous deductions" and there are fields explicitly for union dues and tax preparation fees, but they are not appearing anywhere on schedule A.

I've used this software for several years now and know where and how to enter the data, and it has handled these things correctly in the past.
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