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Investors & landlords
This is quite a simple workaround, and I appreciate your solution. I just saw on tv the IRS is extending the filing date until May 17, 2021.
My real issue is it's obvious this is something people consider a real problem. In all the years of doing taxes I have never found myself in this situation. I want all of my entries to be exact, especially coming from a broker! It has been beat into our heads for as long as I can remember. Tell the truth, be honest, file your taxes!!! Truly people don't think the margin of error suggested by Turbo Tax is a good idea, especially if it underreports your income, or can be taken as a loss!
We are in the middle of an unprecedented pandemic with millions of people sick and thousands dying. Grief is a household word. On top of that millions are trying to get vaccinated.
The IRS still needs to process 7million returns from 2019. They have been trying to juggle delayed tax filing dates, and now a new one. The IRS is responsible for 3 sets of stimulus checks. Why should the resolution be to send more paper separately to the IRS?
TurboTax, although a great tax preparing software, has now changed a procedure that has been in place for years. The solution of entering summaries and then MAILING the correct paperwork to a Federal Institution in the midst of all this, seems a foolish endeavor that could possibly create more issues for the IRS and us. I am solely disappointed in this year's product and with the extension, Turbo Tax has time to effect a solution.
I will be requesting a refund and will search out other avenues to correct this.