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Get your taxes done using TurboTax
I have this same problem in 2021 when the graduated income/repayment caps are in place. Reading this thread it sounds like it was too complicated for TT to figure out so clearly I should do it on my own. My options appear to be: 1) allocate manually using instructions TT does not provide and I have not yet found and then print and file since TT will still error out the issues they don't want to address; Do I get a rebate on what I spent on TT that I cannot use?; 2) remove it from my business and give up the enormous business deduction; 3) remove the allocation and wait for the IRS to correct it and fine me. Pretty unhappy with TT right now.
‎April 11, 2022
10:00 AM