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Business & farm
@ghperry55 wrote:
Blaming Form 4835 not being ready on the IRS is lame. I have been using TurboTax for many years but will probably use TaxAct or TaxSlayer next year since they don't seem to have this issue with Form 4835 and they also cost less than TurboTax.
The Form 4835 was only recently finalized by the IRS for tax year 2020. It takes awhile after the IRS finalizes a form or schedule before it can be incorporated into the tax preparation software. The IRS has to approve all forms, schedules and calculations in the software before it can be released to the public.
IRS Form 4835, Farm Rental Income and Expenses is schedule to be available in TurboTax on 02/25/2021
‎February 19, 2021
8:36 AM