I've used turbo tax for several consecutive years and generally I think it is good. However for the last two years I have received tax assessments from NY state for non reported NY taxable municipal income. I upload relatively large 1099 files ( 120 pages ) which report amongst other things municipal income from various states. I prepare the returns, go through turbo tax review, make all indicated required changes and file federal and NYS. Turbo tax does not report non NY municipal income in NY yet New York State in reviewing the filed return sends me a full accounting for interest paid by non NY municipalities that should have been included in NY income thereby generating an assessment for unpaid NY taxes.
I think it is an error in the turbo tax system particularly since NY state picks up the detail from the attached 1099 and turbo tax does not. Maybe I'm doing something wrong in prep but the new on line premier version basically forces the prep steps and doesn't permit the manipulation the desk top version does with actual forms.
I would like to know if I'm doing something wrong.
