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Get your taxes done using TurboTax
There's a fundamental issue TT must address. A taxpayer must make a valid election to claim a Qualified Opportunity (QO) Deferral. The IRS has prescribed the method of validly electing the QO Deferral through entries on Form 8949. If the taxpayer does not follow the prescribed procedures, s/he is open to disallowance of his QO Deferral. TT must provide an effective work-around to permit its customers to make valid QO elections. The work-around doesn't need to be elegant or pretty, it just needs to work. If TT doesn't provide a fix and chooses to abandon a segment of its customer base, I'm walking away and never coming back. I encourage others in the same situation to do the same.
--A retired CPA and 30-year loyal TT customer.
--A retired CPA and 30-year loyal TT customer.
‎June 7, 2019
4:40 PM
13,836 Views