I short, it sounds like what you are saying is that Turbo tax does not work for this scenario, correct? If my plan was to take 100% of the allocation and not give any to my daughter and in turbo tax, just ignore the allocation stuff and link it to my business, will the tax computations be correct as iff I had allocated 0% and turbo tax worked? So that in the end, the IRS can complain about not allocating, but my response is that it doesnt change my taxable liablitiy - is that all correct?
