user420028
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In my case, the amount of gain deferral I was eligible for was only about $800. I just dropped it-- didn't defer and so didn't use the form. I figured deferring...
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After 3 sessions with the support team, TurboTax says this calculation is too complicated for them and I should go to a CPA. It's really not that complicated......
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I think there's a calculation error on the Form 1033- Election to Defer Gain on Involuntary Conversion.The computation of Realized gain doesn't use the cost of ...
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After submitting this to the community, I studied the situation further and decided that a formal support call was appropriate. The issue wasn't cleared up with...
Activity Feed for user420028
- Posted Re: Using Home & Business. Form 1033 (a)(2)(A) Election to Defer Gain on Involuntary Conversion seems to calc Realized Gain incorrectly. Cost of Replacement Property ignored, on Get your taxes done using TurboTax. October 11, 2020 5:58 PM
- Posted Re: Using Home & Business. Form 1033 (a)(2)(A) Election to Defer Gain on Involuntary Conversion seems to calc Realized Gain incorrectly. Cost of Replacement Property ignored, on Get your taxes done using TurboTax. April 20, 2020 3:52 PM
- Posted Re: Yes, you can do it from Forms Mode. Go to Forms, and cl... on Deductions & credits. April 20, 2020 3:39 PM
- Posted Re: Using Home & Business. Form 1033 (a)(2)(A) Election to Defer Gain on Involuntary Conversion seems to calc Realized Gain incorrectly. Cost of Replacement Property ignored, on Get your taxes done using TurboTax. March 30, 2020 9:29 PM
- Posted Using Home & Business. Form 1033 (a)(2)(A) Election to Defer Gain on Involuntary Conversion seems to calc Realized Gain incorrectly. Cost of Replacement Property ignored, on Get your taxes done using TurboTax. March 30, 2020 1:49 PM