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Investors & landlords
I am pissed beyond words at Intuit and Turbo Tax at this moment. I filed and 5 minutes later found that Turbo Tax calculated wrong.
You might scroll up maybe a month to where I stated that Turbo Tax fixed the problem with an update. I verified that the Turbo Tax adjustment of $3112 matched the $3111.59 shown on my 2020 final pay statement Stock-ESPP disposition line item. All good.
Well, I filed and found that all but three entries totaling $1435 adjustment reverted back to no adjustment. Turbo tax over reported my income by ($3112-$1435). The short term sale entries adjusted correctly. The long term entries did not-but were when I checked it a month ago. There have been a half dozen TT updates since then.
So now I need to amend a return-and there are many impacts-I am at the income level where almost, but not all COVID money is phased out-so capital gains, Covid credit (maybe), and state taxes all impacted.
I guess I will check the TT guarantee. Not expecting much.