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Get your taxes done using TurboTax
FYI, I followed Amy C's instructions for the Desktop (Mac) Turbotax.. namely, delete form 8615, update Turbotax (none needed) and restart the program. Got the same result as shown in an earlier post, eg: With parents taxable income at $5000 and parent's schedule D line 15 at $5022.. the net tax is $603. Reduce the schedule D line 15 a dollar, to $5021, and the tax goes to $1.
March 8, 2024
3:13 PM