Our situation: Both over 50 and therefore eligible to contribute $7,000 each for 2020. One of us has earned income under $7,000, but the other has earned income over $15,000, so the combined total exceeds $14,000 (2 contributions @ $7,000).   Also, our MAGI is between $104,000 and $124,000, so we can't have full deductibility for the traditional IRA.   Right now, TurboTax allocates $1,050 per spouse as deductible and $5,950 as non-deductible for T-IRA.   Questions: 1. Can we allocate $1,050 each to the T-IRA and $5,950 each to our Roth IRAs? 2. If so, how do we do that? (Easily done with the software?) 3. Perhaps simpler, can one of us allocate $2,100 to our own T-IRA, putting the balance of $4,900 to our own Roth, while the other spouse allocates $7,000 to their Roth? 4. If so, how do we do that?   Thanks! ... View more

I spoke with customer support as an intermediary with Intuit's tax experts on Friday. They insisted that software updates are complete regarding APR (COVID Relief Bill). In the software, I see forgiveness of repayment of advance Premium Tax Credits up to 400% FPL, but not beyond. Health policy analysts believe that Intuit has got this wrong, and that the APR text wipes out clawback for everyone regardless of income (see, for example: https://www.healthaffairs.org/do/10.1377/hblog[phone number removed]37/full/). So what's the story? ... View more

Intuit keeps claiming its update for COVID Relief Bill changes are completed, but I don't see it. Yes to the unemployment tax forgiveness, but no forgiveness on repayment of Premium Tax Credits for 2020.   The very limited support through Twitter messages (that's "support"?) has been useless. I sent screenshots of my Form 8962, which shows money owed on both Lines 27 and 29. Unless I can force a "zero" on Line 28, I have to report Line 29 on Schedule 2 and therefore on my 1040.   Any advice?   (This user of TurboTax for over 25 years will likely turn elsewhere next year. I understand bumps in the road when it comes to software updates. The lack of communication and miscommunication, though, are unforgivable. Poor customer "service.") ... View more