08-01-2016, 02:59 PM
I've been using TurboTax since it came out from ChipSoft. Of course Intuit bought them out.
Many years ago, I was able to use TTax as a predictive tax program for the next year. It seemed to go stupid on me when i just tried it.
I may be in an unusual tax situation for 2016 where I want to pull a $40k traditional IRA and use it to pay a mortgage that's primarily interest. So, $40k gets added to income; and $40 gets added to schedule A as a mtg interest deduction. Prima facie it would seem to have no tax consequences as the two zero out -- BUT.
Except for the matter of what's the AMT going to do? TTax says it does not come into play; but I cannot rely on that answer.
Anyone know of a software pkg that can run scenarios for tax year 2016?
INFORMATION ON APNEA BOARD FORUMS OR ON APNEABOARD.COM SHOULD NOT BE CONSIDERED AS MEDICAL ADVICE. ALWAYS SEEK THE ADVICE OF A PHYSICIAN BEFORE SEEKING TREATMENT FOR MEDICAL CONDITIONS, INCLUDING SLEEP APNEA. INFORMATION POSTED ON THE APNEA BOARD WEB SITE AND FORUMS ARE PERSONAL OPINION ONLY AND NOT NECESSARILY A STATEMENT OF FACT.
I usually just use the prior year's software and set-up a "new" taxpayer name to run what if scenarios. Unless the caps on certain things change or the rates are very different you will have a very good idea of where you will be at. For the instances where the ceilings change you can usually do a pretty easy estimate by hand for that piece.
I don't know how any of the tax prep programs handle that situation. I have used TaxAct in the past but who knows if it does what you are looking for.
Using FlashAir W-03 SD card in machine. Access through wifi with FlashPAP or Sleep Master utilities.
I wanted to learn Binary so I enrolled in Binary 101. I seemed to have missed the first four courses.