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Retirement tax questions
[QUOTED]
I also don't understand what you are asking for in terms of your schedule C. You seem to want advice that certain items will affect your future social security benefit recalculation more than other items. But the position of the IRS (and therefore of Turbotax) is that you must correctly report your legitimate expenses. If you have an expense in a category that is harmful to your social security and you are preparing your tax return, you're stuck, it's too late to change it. You have to report it correctly, even if it is harmful to other parts of your financial picture. If you could legally tweak your expenses, it would have to be done before you incurred them, and that also gets into tax planning instead of tax reporting.[QUOTED]
TurboTax gives advice on tax matters as you proceed through the online process and you answer questions posed by TurboTax, so yes I was asking for advice in that vein. Yes, I'm investigating how to expense items for the rest of the year to minimize both my tax liability and my exposure to the SSA earnings limit. TurboTax frequently asks questions to ensure one's tax liability is minimized. Reporting correctly is why I'm asking (for next year). This has nothing to do with already incurred expenses or tax returns for a previously filed tax year.
This appears to be beyond the current abilities of the TurboTax service, but will come up much more frequently in the coming years as the "graying of America" accelerates.