In 2008 I got divorced, sold my house, moved to a different state, and got a different job in said different state.
Turbo Tax online does a pretty decent job with the divorce, different state, and different job, but doesn’t seem to understand that I am not the sole party responsible for the sale of my house and therefore should not be the only one to have to pay in for the money profited from the house. And that’s *after* I upgraded to the “help me out, please” service.
Note to self: Never own a house again. Or only when you’re going to be rich enough to have people handle all of the bullshit associated with owning it.
Dang, you DID have a complicated year, tax-wise. Luckily all those changes were mostly good ones, life-wise.
UGH–I am getting ready to jump into that maelstrom myself.
hoooooooooooo girl.
can relate.
I honestly might have someone do my taxes this year and next year. My mom has someone who I think won’t rip me off.
Right now, though, my stb-ex and I have to decide if we are even filing joint or separate.
Oh sheesh – you’ve just outlined my next year! I was just thinking about that yesterday, as a matter of fact.
Many years ago Turbo Tax refused to give me the appropriate credit for child deductions. This was due, it said, to the fact I’d earned $9,999,999.99.
Doing the needed drill downs turned up the correct value (well over 9 million dollars less) but nothing I did would fix the problem.
I redid the taxes and had the same problem.
Doing them on another computer returned the correct value. The problem seemed to be … and I’m only droning on about it as I know your inner nerd would want to know … was that my PC was using one of Intel’s P60 processors. (As I recall, math wasn’t supposed to be a problem on these except in instances where values went past the sixth decimal place — but it’s the only explanation I could come up with.)
I’ve come to expect everything in the world involving forms to lack foresight.
I think if you actually enter the amount YOU got instead of the actual TOTAL house profit, it would improve the calculations.
Just sayin’.
The only questions it asks:
How much did you sell it for?
How much did you buy it for?
How much did you spend in improvements?
It then ASSumes I pocketed all the profit.
I actually work for the company that produces TurboTax, so I asked the programmer for that particular area what the correct answer is. He says that you need to find the actual amounts for each question and then enter 50% of that as your portion of the transaction. So, if you sold the house for 200,000, you’d enter 100,000 for question #1. Assuming you bought it for 90,000, you’d enter 45,000 for question #2. (You get the picture.) Doing that will give you YOUR portion of the gain (or loss). My email is included in case you have any other questions.