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Investors & landlords
Interesting that the program only asks for the 2019 earned income amount and not also the AGI since the EIC is computed using both amounts. This is a weird situation that I don't think was thought out well and I don't see how the program can extrapolate the info if it was transferred from the prior year ... I don't see it happening in any of my test returns at least not yet. And the help info is poorly done ... they should make it simpler by citing form/line numbers. And is the IRS ever going to catch any taxpayer data errors ? Will they recompute the return for the taxpayer if they cheated themselves ? This is so unprecedented and the IRS is already stretched thin. What a mess.
‎January 9, 2021
5:47 AM