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Get your taxes done using TurboTax
These steps are enormously useful. Thank you.
When I go thru those steps and enter the IDC amount for Box 13, let's say $37.5k, and choose that I want to amortize in a single (this) year, I do NOT see any reduction of my overall tax liability.
Do I need to take any other manual steps to make sure that IDC amount takes effect and reduces my AGI?
TIA!
-G
March 23, 2024
11:19 PM