I have been using TT since MACInTax, which I used many years before TT absorbed it. How long is that? More than 20 years, I am sure.
Well, this is the last year for TT. TT has LOST me for good.
I do NOT need to file Form 5471, but I do need to add a disclosure statement regarding the partnership I belong to that does File the 5471 (as I am more than a 10% owner). Additionally, I must add a Schedule P from a Form 5471 along with that disclosure.
I have 3 state returns to file too, so now ALL 4 returns (the Federal and the 3 states) MUST be paper filed, as a Federal return must be done as an eFile in order to eFile the states. One state is NY, so I will have to explain to NY on the paper filing why it could not be sent as an eFile due to these miserable TT limitations in their product.
Given the ATTITUDE of TT that not enough taxpayers need forms they do not support, it will be bye-bye TT and good riddance! I will scrape TT right off my shoe and be glad their stench is gone - for good!
