So, the answer appears to be that, yes, TurboTax has a major flaw at this point. 😕
Never got any sort of reply on this forum, so I dug into the tax code . . . yes, the actual nightmare of the code itself . . ., and did all the calculations by hand. Well, by Excel, at least. LOL!
And then opened up the Forms section of TurboTax, and manually entered everything. 😕
At the end of the day, I now owe . . . sigh . . . $14,000 in Capital Gains taxes from the sale of those two properties. :(
I'm not sure whether I'm glad I didn't trust TurboTax (and so not be open to problems with the IRS), or whether I'm sorry I didn't just trust TurboTax and perhaps inadvertently get away with $14,000. LOL! 😉
Either way, though, it's frustrating that TurboTax would have let me file the way it was, telling me that everything was fine and without errors. $14,000 ain't no chump change. :( At least, it isn't to me. TurboTax, that's a seriously big whole there!!!!
