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Old 02-04-2020, 08:50 AM   #21
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New temporary Fed tax law simplified our return prep as don't have to itemize.
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Old 02-04-2020, 09:33 AM   #22
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Originally Posted by Hyper View Post
So if not itemizing can you just use the 1040 ez form from IRS? Why turbo tax if taxes are simple.
Nope. I have too much interest income, dividends, cap gains distributions, foreign tax credits, capital loss carryover, and probably a couple others, any one of which prevent me from using 1040-EZ. I suspect most here have a similar list. These complicate 1040 enough to warrant using a tax program, but it is pretty quick and easy using Turbo Tax. I did mine in a couple of hours yesterday. I'm waiting to see if any other tax forms come in that I might have forgotten, and to do my review as well.
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