topic Re: March 4 software update issue in Get your taxes done using TurboTax

March 4 software update issue

kailus — Fri, 05 Mar 2021 14:35:29 GMT

This was a great update.. I haven't filed yet but I was experimenting with what my taxes might be like next year.

I deleted all my self employment 401k contributions. Now, no matter what I do, my federal tax owed never drops below zero. This is awesome. Best update yet.

When I add it all back in, my refund goes to $134. Tell me how $26,000 can only impact my taxes by $134 when before this update it would effect by taxes by over $5,000.

Re: March 4 software update issue

fanfare — Fri, 05 Mar 2021 15:19:10 GMT

The good thing about the program is you can create as many returns as you want.

user CTL-N to start a new return.

be sure to use descriptive names so you know which one is your true return for filing.

If you don't trust TurboTax, try another software provider

you have to be proACTive when looking for TAX software.

Re: March 4 software update issue

kailus — Fri, 05 Mar 2021 16:18:10 GMT

Rebuilt from scratch and it works as it should, $5,000 change in taxes due with removal of SEP 401k contribution. Horrible update.