Personal Finance and Investing

question everything

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23. Yes, they keep changing

Sat Feb 27, 2021, 06:20 PM

Feb 2021

To begin with, Form 1040 for 2019 had 24 lines. For 2020 - 37.

If one uses the 1040-SR for seniors, one ends up with three pages!

Line 3b is for Ordinary dividends. Line 16 is the tax... Are you sure you are looking at the right forms and instructions, or are these just theories?

If you received both EIP 1 and EIP 2 you should not bother with any of that.

Interestingly, last year some people at the WSJ proved that hand filing a return, not using a software, is full of errors. Where could they find a hand written return which was available for the public to see? Why, Bernie Sanders, of course. He released 10 years of return and the one from 2009 was by hand. And, yes, they found mistakes both for his benefits and for his losses.

Just make sure that if you use the Standard Deductions, and you gave at least $300 in cash to charity, that you can adjust your income by entering 300 on Line 10b.

Good luck!

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Besides TurboTax, who else does taxes online, both Federal and State? [View all] question everything Feb 2021 OP

I used tax slayer last year and will again Wawannabe Feb 2021 #1

Thanks, may give them a try question everything Feb 2021 #3

I Have Used H&R Block Online But Much Prefer TurboTax Home and Business Edition Indykatie Feb 2021 #2

Go to IRS.gov snowybirdie Feb 2021 #4

Thanks. But then I still have to do my state which requires a copy of the question everything Feb 2021 #6

I believe you can snowybirdie Feb 2021 #13

I NEVER file taxes on line Crazyleftie Feb 2021 #5

I am beginning to suspect this, too question everything Feb 2021 #7

I do. bearsfootball516 Feb 2021 #8

Thanks. Looks promising question everything Feb 2021 #9

I use TaxAct too, JenniferJuniper Feb 2021 #10

At this point cost is not the point for me. TT has had so many problems question everything Feb 2021 #12

I use TurboTax and get the CD. Nothing on line... My returns are simple and it's like talking mitch96 Feb 2021 #11

I've used Tax Act for years. Never had any COLGATE4 Feb 2021 #14

I use ClickTaxPro RoadRunner Feb 2021 #15

What does TurboTax say about all this? progree Feb 2021 #16

Glitches in the system that no "specialist" could resolve. And I have used them for 20 years! question everything Feb 2021 #17

Thanks much for the detail, very much appreciated progree Feb 2021 #18

Carryover losses - your broker was right, it didn't come from them progree Feb 2021 #19

I did not have carryover losses since the early 2000 after the dot.com collapse question everything Feb 2021 #20

I actually use an accountant. PoindexterOglethorpe Feb 2021 #21

I still file paper returns bucolic_frolic Feb 2021 #22

Yes, they keep changing question everything Feb 2021 #23

The line 3b I was referring to is from the Tax Loss Carryover Worksheet, line 4. bucolic_frolic Feb 2021 #24

Did you recevie the recent letter from the IRS? Mine is dated Feb 17 question everything Feb 2021 #25

No haven't received that notice bucolic_frolic Feb 2021 #26

Might be worth contacting your member of Congress question everything Feb 2021 #27