TurboTax 2020 Alimony Question

Turbotax 2020 uses the old alimony tax reporting rule. If I did receive alimony BUT by agreement after 2018, Should I answer "no" when asked if I received alimony? The software should be updated to clarify.

posted

You should answer yes if you received alimony. The next screen will ask you the Date of Agreement.

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Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

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