Announcement

Collapse
No announcement yet.

Turbo tax

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    Originally posted by Zaphod View Post
    You know you can just buy the "disc versions" off amazon, download/install instantly? This is what we're talking about?
    Yes, this is what I was talking about. I keep seeing turbo tax discs for sale (10 dollars off list price) at Amazon and a similar deal at Costco. I have been just going to the turbo tax website and doing it all online, but it looks like it would be cheaper to purchase the program from a store and do my taxes that way. I just don't know why turbo tax would want you to go to amazon or costco to purchase their product for cheaper when it would cost them less to just let you use the online version because costco/amazon would not get a cut of their sales that way. I have finished my taxes but not submitted them, it still looks like I am going to end up paying some $170 to file for federal plus 2 states which still seems much more then if I were to purchase one of the discs myself. I'm not sure if it is because it is filing my taxes as partially self employed/business because I pay a nanny though.
    https://www.amazon.com/TurboTax-Desk...4037123&sr=8-3

    Comment


    • #17
      I have to upgrade to the 70 dollar TT because I tax loss harvested this year.

      Comment


      • #18
        The physical market is just market segmentation. Even paying for the CD, packaging and distribution costs the marginal cost of adding each user has attractive margins once you've developed the software.

        Comment


        • #19
          Originally posted by Lordosis View Post
          I have to upgrade to the 70 dollar TT because I tax loss harvested this year.
          Or use something else....

          Comment


          • #20
            Every time I tried to do the back door Roth in FTUSA. (doing exactly what finance buff said), it counted the 1099-R as $6k in taxable income. I must be an idiot. And then there’s the Form 1116 issue.

            I’ve had the best luck lately with Free File Fillable Forms.
            “Work” is a four letter word for good reason.

            Comment


            • #21
              I didn’t even know they still had “disks”. Been using the online for years now. It’s like $70 for federal. Additional if you live in a state with state income tax and need to file that too. You can upgrade from there if you want. I did mine a week ago.

              Comment


              • #22
                Originally posted by Peds View Post

                Or use something else....
                I could but that would require more work and learning a new system. It would take years to make it financially "worth it". I would rather just complain about it 🙂

                Comment


                • #23
                  Originally posted by Lithium View Post
                  Every time I tried to do the back door Roth in FTUSA. (doing exactly what finance buff said), it counted the 1099-R as $6k in taxable income. I must be an idiot. And then there’s the Form 1116 issue.

                  I’ve had the best luck lately with Free File Fillable Forms.
                  you must be doing something wrong. I followed it to a T and it's not counting it as $6k in taxable income for me. You can write a comment on the blog post and Harry will write back. Without knowing what's going on, in the post maybe it's getting messed up either at the section where he write "Find the IRA Contributions section under the “Deductions / Credits” menu." or below.

                  Comment


                  • #24
                    TurboTax

                    "Federal return rejectionReject Code FED_Taxable_Inherite"
                    IRS rejected the return! It clears TT review. Text message said I was supposed to get an email for steps to fix. No email received. The forms are correct and there is not Inherited IRA of any type. Only the BD roth. TT says a program fix is in process and expected on 3/5/21.


                    Comment

                    Working...
                    X