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Investors & landlords
I have concluded that the IRS has a bug in their system.
The instructions changed from 2021 to 2022 returns for form 8960
Previously Schedule 1 line 5 was included on 8960 line 4a
Now Schedule 1 lines 3 and 5 are to be included on 8960 line 4a
TT seems to have followed these new instructions, but the IRS ignored the data in 4a submitted,
causing them to reduce my income and my taxes due. Lucky me and anyone else with 1099 NEC income
reported on Schedule C / Schedule 1 line 3
Thanks to anyone reading and to the folks on customer support at Intuit !
May 4, 2023
9:15 AM