My last post was not to question how TT is treating the CA MCTR now, or how to enter it in TT.
Rather, it was to note that, based on linked public information, the IRS is evaluating what the right answer is as to tax treatment.
Frankly, it matters not what TT thinks the answer is and how TT presently treats it. As I have stated before, there are grounds for treating it as either taxable or nontaxable. Until the IRS actually opines officially, I will not be satisfied with what TT is doing. Even the IRS advises to defer filing and not subsequently file an amended return.
