Felix Mulier
Recycles dryer sheets
- Joined
- Feb 4, 2013
- Messages
- 99
This may be more of an observation than a question, but here goes.
I used TT this year for the first time. I feel like I've been dragged through the mud! I followed the Step-by-Step method, but didn't have that "warm and fuzzy" feeling that everything was OK. (I hate black boxes!)
For example, they would ask for $ amounts, but provided no ready place to enter details (You can "show" the relevant form, but can't edit it in this mode). I went through their "Review" step and they said "Congratulations! blah, blah blah! (Would you like to buy audit support for $60?)"
So, then I did my own review using the Forms mode and discovered that, for example, my Tax-Exempt Dividends (which are not exempt on my State return) were not carried over to that form. I dug around and found the "Smart Worksheet" where that information is stored, along with the correct State code, so I'm not sure why it didn't carry over to the State form.
Also, dividends from one of my funds do qualify for State tax-exemption, but only 98.41% of it. I could swear I added that amount somewhere, but I can't find it. TT actually did enter an amount for this, but entered 100% of it. It won't let me change the amount on the form. I'll keep looking for another worksheet.
Bottom line, beginning with this quarter's estimated taxes, I'm going to skip their Step-by-Step and go straight to the Forms.
Thanks for listening!
P.S. I looked around for a good tutorial on using TT - didn't find anything. If there's one out there, I'd be grateful for a link!
P.P.S. Thanks for the thread on not filing too soon. I'm going to put this away now for about a month!
I used TT this year for the first time. I feel like I've been dragged through the mud! I followed the Step-by-Step method, but didn't have that "warm and fuzzy" feeling that everything was OK. (I hate black boxes!)
For example, they would ask for $ amounts, but provided no ready place to enter details (You can "show" the relevant form, but can't edit it in this mode). I went through their "Review" step and they said "Congratulations! blah, blah blah! (Would you like to buy audit support for $60?)"
So, then I did my own review using the Forms mode and discovered that, for example, my Tax-Exempt Dividends (which are not exempt on my State return) were not carried over to that form. I dug around and found the "Smart Worksheet" where that information is stored, along with the correct State code, so I'm not sure why it didn't carry over to the State form.
Also, dividends from one of my funds do qualify for State tax-exemption, but only 98.41% of it. I could swear I added that amount somewhere, but I can't find it. TT actually did enter an amount for this, but entered 100% of it. It won't let me change the amount on the form. I'll keep looking for another worksheet.
Bottom line, beginning with this quarter's estimated taxes, I'm going to skip their Step-by-Step and go straight to the Forms.
Thanks for listening!
P.S. I looked around for a good tutorial on using TT - didn't find anything. If there's one out there, I'd be grateful for a link!
P.P.S. Thanks for the thread on not filing too soon. I'm going to put this away now for about a month!