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Deductions & credits
Good advice, I'll make the HTKO positive with a flag as a self reminder to change it back later.
My guess is that TT interpreted the phrase “all deductions that are definitely related OR apportioned to passive income” as meaning using line 2 OR line 3. >>> Since it is consistent between the HTKO general income category and HTKO passive income category, I realized the final tax amount number doesn't change regardless of the interpretation. So I'll trust TT calcs and submit electronically. After all, TT calcs are guaranteed so I should be covered.
Thanks a lot for your help! I was going to give up and go to a CPA without your help.
May 18, 2020
12:09 PM