Why do you think it is wrong ? If most of your income is not taxed or taxed at the favorable cap gain rate then what you describe is very possible.
This is my mini version of the downloaded tutorial that
should be in the downloaded program:
What is Forms Mode?
Forms Mode lets you view
and make changes to your tax forms "behind the scenes."
If you're adventurous, you
can even prepare your return in Forms Mode, but we don't recommend it. You may
miss obscure credits and deductions you qualify for, and you may forget to
report things that will come back and haunt you later.
Forms Mode is exclusively available in the TurboTax CD/Download
software. It is not available in TurboTax Online.
Related Information:
·
Why
would I use Forms Mode?
·
How
do I switch to Forms Mode in the TurboTax for Windows software?
·
How
do I switch to Forms Mode in the TurboTax for Mac software?
If you want to play around with
different figures and tax scenarios without affecting your original return you
can ….
·
>>>In
the TurboTax CD/Download software by
creating a test copy:
·
1. Open your return in
TurboTax.
·
2. From the File menu,
choose Save As.
·
3. Give the copy a new name
to distinguish it from the original (for example, by adding "Test" or
"Example" to the file name).
·
4. Click Save. You are
now safely working in the test copy and anything you do here will not affect
the original.
·
https://ttlc.intuit.com/questions/1900642-how-to-make-a-test-copy-of-your-return
·
>> use
the WHAT IF tool:
·
- Click Forms Icon (upper right
of screen) or Ctrl 2 (forms view)
·
- Click on the Open Form
Icon
·
- In the “Type a form
name.” area type What-If (with the dash), click on the name of the
worksheet - click on Open Form
·
- You will see the worksheet on
the right side of the screen; enter the information right into the form
·
- To get back to interview mode -
click on the Step-by-Step Icon (upper right of screen) or Ctrl 1
It's always a good idea to make a
backup copy of your tax data file, in case your original gets lost or
corrupted. Here's how:
1. From the File menu in the
upper-left corner of TurboTax, choose Save As (Windows)
or Save (Mac).
2. Browse to where you want to save your backup.
o
Tip: If you're saving to a portable device, save it
to your computer first to prevent data
corruption. Then, after completing Step 4, copy or move the backup file to your
device.
3. In the File name field, enter a
name that will distinguish it from the original tax file (for example, add
"Backup" or "Copy" to the file name)
4. Click Save and then close
TurboTax.
5. Restart TurboTax and open the backup copy to make sure
it's not corrupted. If you get an error, delete the backup and repeat these
steps.
If you make changes to your
original tax return file, repeat these steps to ensure your original and backup
copies are in-synch.
Related Information:
·
Retrieve a Tax File from a Portable Device
·
What's the difference between the tax data file and the
PDF file?
·
How do I save my return as a PDF in the TurboTax
software for Windows?
·
How do I save my return as a PDF in the TurboTax
software for Mac?
·
How can I protect the tax files on my computer?
GEN85508
Answered by TurboTax FAQ to this question
