- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
I'll bet you a buck and give you odds that it did, (unless you're using the online version. Then all bets are off.)
In the desktop version TT's calculations have been reliable for many years. Nothing has changed in the tax law and the desktop version's interview hasn't changed. Except, around 2014, TurboTax removed the option allow the user to tell the program the actual amount of compensation reported on the W-2, thereby allowing the program to make an appropriate adjustment to the "compensation" figure reported. This was very useful because many employers don't report compensation associated with Qualified Dispositions of stock acquired via an ESPP. Now you are only allowed to answer "Yes" or "No" when asked if TT's calculations appear on your W-2. In the case of a situation where some sales are Disqualifying Dispositions and some are Qualifying Dispositions, (not reported on the W-2), answering either "Yes" or "No" will result in a misstated compensation number on your income tax return.