[Sorry if this question was answered elsewhere or if I'm asking this question in the wrong place. ]
Did anyone else notice that imports from 2021 Its Deductible (ItsD) into 2021 Turbo Tax (TT) don't match up?
For example,
- Total values for a given donation trip in TT not are matching my ItsD entries.
(aka My ItsD. Goodwill total for 01/22/2021 was $192.75 / Imported shows as $188.
THERE IS NO WAY TO UPDATE THIS IN TT. )
- Date of Donation is one day earlier in TT than my input in ItsD.
(aka My ItsD. Goodwill donation date was 01/22/2021 / Imported as 01/21/2021.
I can UPDATE THE DATE IN TT. )
- Turbo Tax individual item raw data say 'eBay Market data' and those don't always match the ItD values.
(aka ItsD. Candle holder =$10.00 / Imported= $8.00
THERE IS NO WAY TO ADJUST THIS IN TT.)
WHAT THE HECK? 😡 Why am I bothering to use Its Deductible if Turbo Tax has its own item value system based on eBay data? I mean the value of a candle holder is immaterial; if the market value is $8, so be it. But, my ItD expectations vs. TT reality was a difference of almost $600 for TY2021 year. That's a lot when I'm balancing income from Dividends & CGains against ways to offset that income (like charitable donations) and paying estimated taxes. Additionally, it was a hassle during my TT review to have my ItD printouts not matching TT data-- in an audit, how would I explain my support docs are FUBARed? And finally, the entire subject has wasted probably 3 hours of my time researching it and writing this message. No fun! [Oops, sorry for my venting. ]
Its Deductible has been a wonderful tool for me since 2014. In conjunction with the Quicken tax planner and a Cash Log to document the ItD entries (so the Quicken Tax Planner picks up the deductions data), I've been able to easily monitor my tax situation throughout a tax year. Now, along with other issues I've seen in the forums, ItD it is starting to feel like a lemon!??! I may just not bother... just keep handwritten notes and a spreadsheet... those would have more audit value than what I have this year. Darn.
