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Get your taxes done using TurboTax
@robbyja , yes I meant 1L to a 1. They are really adamant they could not change the code for me to a 1. I'm tempted to just submit it as a 1 (as you said) and my justification would be COVID-related. Tax advisor even said the IRS may understand my situation and may not even question my selction. Because I can still answer the question was it COVID-related in the software (and I tick yes) but since I input 1L, it won't reconstitute the income over 3 years. I'm still reporting income! Yes, I want to have less taxable income for 2020 and utilize the CARES Act provisions. Thanks.
March 9, 2021
2:19 PM