Thanks for replying, fanfare! Appreciate it.
Yeah, It was pretty clear trusts don't apply. I tried to indicate I was aware of that situation in my first sentence, and referring to "applicable amounts" later on. And thanks for the heads up on TT not doing the calculations; yet another reason for one to think long and hard if they really want to open up the last three years of tax returns (one must go to the oldest return first, if I read the rules right.)
If you multiplied my examples by 10 or 100, I can see it possibly being worth the time, but if I had a situation like that, I would probably just pay a CPA do the work for me.
I'm curious as to if the TT Live CPAs are versed in complex situations like these. I imagine real estate or business scenarios could get gnarly as well.
