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Since Illinois increased their state income tax rate as of 7/1/17, can we file a Schedule SA to take advantage of the Method 2 - Specific Accounting Method on TurboTax?
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Since Illinois increased their state income tax rate as of 7/1/17, can we file a Schedule SA to take advantage of the Method 2 - Specific Accounting Method on TurboTax?
I have a definitive response from the Developers just today.
_______________________________________
The IL-1040 Schedule SA will not be supported by TTX for for 2017 IL taxes.
Thus, if you really want to use it, you will have to manually do it on paper forms, and mail in your IL forms .
Thus only the default blended tax calculation will be used by the TTX software.
(Or check with other software providers)
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Since Illinois increased their state income tax rate as of 7/1/17, can we file a Schedule SA to take advantage of the Method 2 - Specific Accounting Method on TurboTax?
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Since Illinois increased their state income tax rate as of 7/1/17, can we file a Schedule SA to take advantage of the Method 2 - Specific Accounting Method on TurboTax?
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Since Illinois increased their state income tax rate as of 7/1/17, can we file a Schedule SA to take advantage of the Method 2 - Specific Accounting Method on TurboTax?
I would guess that this was a business decision as to whether to put in the software effort for a complex one-time form.
Here's the details on the money back guarantee if the other method would have given you a larger refund..
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1908546-what-is-your-maximum-refund-or-tax-savings-guarantee-or-yo...>
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Since Illinois increased their state income tax rate as of 7/1/17, can we file a Schedule SA to take advantage of the Method 2 - Specific Accounting Method on TurboTax?
I have a definitive response from the Developers just today.
_______________________________________
The IL-1040 Schedule SA will not be supported by TTX for for 2017 IL taxes.
Thus, if you really want to use it, you will have to manually do it on paper forms, and mail in your IL forms .
Thus only the default blended tax calculation will be used by the TTX software.
(Or check with other software providers)