KathrynG3
Expert Alumni

Get your taxes done using TurboTax

Correct. It is allowable to calculate the total income for 2020 by 280/366 to determine this value, even though that may not be exactly how it was received.

 

What I meant to say is: In TurboTax Online,

  • Run the Review, but expect to have the error unresolved still.
  • Enter the partial period income as described above
  • Finish the Review (Run the Review again if you want to confirm the resolution).
    • This action should resolve the issue, and it will not defer any tax since it ends up you aren't eligible.
  • File your return!

@erongranneman