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Deductions & credits
So, just to be clear, in the business portion of the software, which it walks you through prior to anything else, there is no facility for putting in stepped up cost basis or widow status. So in that section it incorrectly calculates the exemption. It is not until later in the software, when you can properly address the sale of your primary residence, that it does allow for these factors to be considered. The software really needs to be fixed.
‎January 21, 2022
4:31 AM