Get your taxes done using TurboTax

After downloading the latest update yesterday, I was still not able to connect with Schwab (and, yes, I tried changing passwords but that also did not load).

 

  I got the forms as a PDF file from Schwab and entered them only to have an unhappy surprise.   I entered my short term gains/losses with no problem.  Then I tried entering my long-term gains/losses.  As my long-term losses were more than the gains, this should have lowered my tax liability.  It did not.  Instead, TT considered my losses to be gains and increased what I would have to pay.  At that point, I just raised my hands in surrender, put the long-term and short-term numbers together and entered them all as short-term.  That finally gave me the right total.  I don't know if what I did was strictly legal but as it did not have me paying less tax than I would if everything was done properly, I am not guilty of tax evasion and not concerned by what the IRS will say about this work-around.

 

One thing I know for certain -- I will not be using TT in the future.