2022 is going to be my first tax reporting year with TTS and MTM accounting. Therefore I need some guidance from the members who may be experienced in this with using Turbotax. No need to start from basics because I already have collected some notes such as... need to use the forms option from CD or download version, Have to go thru Q&A to setup the correct options, have to print the return and file etc.
I have few below questions...
- Does the CD version have same trade transaction volume limits as the download version for TT Home and Business?
After answering the questions on the initial interview and then importing the trade entries from the broker account, was turbotax able to correctly prepare the form 4797?
- Was there any manual corrections/adjustments needed because turbotax was not accurate?
Please share any other tricks and tips that may be valuable.
Many thanks.
