Nearing70
Returning Member

Get your taxes done using TurboTax

Thanks DoninGA.  When you say "are all showing to start in tax year 2022", do you mean that's how TurboTax 2020 is currently calculating 2021 taxes (using What-If), or are you saying you don't believe any of the tax increases will end up being applied retroactively?

 

I have read articles that suggest a retroactive application is certainly possible, especially regarding any increases in capital gains taxes.  The logic being that, without any retroactive application, there would likely be a big sell off in the markets at the end of 2021 as investors suddenly rush to realize their capital gains before Jan 1, 2022.