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re: 1st year Mortgage interest and Tax Returns
Posted on 4/2/13 at 1:03 pm to LSURussian
Posted on 4/2/13 at 1:03 pm to LSURussian
quote:I know, but it asks them expecting a "yes" or "no" response. Sometimes the answer is "it depends on the circumstances", and if you do not know when this is the appropriate answer you are at the mercy of the software engineers rather than the accountants who work for Intuit.
During the "interview" process which TurboTax uses, it asks the user questions regarding all of those items you listed.
I can get the same return from TurboTax that I get from Lacerte (the software I use professionally) which is also an Intuit product. The problem is that I get the same result from entering information directly to the forms based on my experience. I have tried to get the same returns using the interview process, but it only works for the simplest of returns. I have serious issues with the accuracy of TurboTax returns when the taxpayer is in alternative minimum tax.
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