Hi Roger. Thank you for looking at this. First: I entered the transaction directly onto the asset worksheet. I don't generally work through the interview method as I would have been the person co...
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Hi Roger. Thank you for looking at this. First: I entered the transaction directly onto the asset worksheet. I don't generally work through the interview method as I would have been the person conducting the interview, not being interviewed. Also, since I use TurboTax to check my own tax estimation spreadsheets I just need to spot enter some information as I have it available, and the interview process to me makes it somewhat difficult to get to where you want to be in that case. Interestingly, I also tried re-entering the same transaction (while I was still preparing the return) and it again came back to LT on my return. No idea why we're getting different responses on that. (I apply updates as they come up on TurboTax launch, so we should be on the same version.) The transaction is mutual fund shares which I entered directly. Did not do an import for the live return. I did as a test start a blank return and do an import. The numbers came in correctly but, unfortunately, for 1099- INT and DIV, the import does not identify which account the 1099 is for, which means a lot of correcting of names. For the capital gains each CAS worksheet was identified, but only by brokerage account number, again not with a name. I of course don't know if this in inherent in TurboTax or something from my brokerage. I don't even see where to identify stock vs mutual fund and how acquired, but they don't actually affect the taxes. I did actually walk through the interview process for the capital gains, as TT was telling me that there was missing information on that worksheet that couldn't be access by the worksheet. So I filled it all in via interview, but possibly I missed something if all it needed was a change. This particular transaction as noted was a mutual fund; did the export routine perhaps set it back to stock as part of the privacy part? Good news is, I e-filed the returns last week and both went through within 15-30 minutes, so the override did not affect anything. My point in starting this thread was simply that whatever the issue is on the CAS worksheet, it needs to be identified and fixed. If someone without my tax knowledge was using direct entry, they could overlook this and wind up underpaying taxes. And yes I realize you all recommend using the interview, but that doesn't mean working the other way should produce an incorrect result. Thanks. Brent