I would like to know the following.
-Does TurboTax accurately determine which filing status is better for you or, in some cases, do you have to complete a test return to determine which filing status is better.
-If you switch from filing jointly to separately, can you still upload prior year joint return to new separate return so that TurboTax can transfer the relevant information, or do you have to manually input everything? The same applies vice versa, if you decide in future years to return to filing a joint return, can you upload prior separate returns into new TurboTax joint return so that relevant information is transferred?
Basically, does TurboTax handle the transitions well, especially in cases where there are more than a basic tax return: capital loss carryovers, rental property issues, property taxes, etc, etc?
What I'm discovering so far is that if you want to start a new Married Filing Separate return, you either have to start an entire new return without transferring the information (system won't allow me to transfer in this case) or, you have to manually remove the other spouse info as you come to it.
This seems like it could be a receipe for a problem, especially when current returns depend on prior year returns?
