Chokes on K-1 Forms - Itemized Lists don't line up
on October 21, 2018
Posted by: Allen45
from Virginia
Verified Purchase:Yes
I have been using HR Block for a number of years. It is ill-equipped for handling a K-1 from partnerships. It does not recognize codes that are perfectly legal in the IRS guidance pubs. If you create itemized lists on the deductions page (e.g. a list of medical bills or insurance costs), the lists don't line up to the lines they are supposed to. If you want to see the list for 1h, you have to choose 1g, and so on. On the top entry page, the line items are not identified so you have to bring up the form, but it does not align right anyway. There is no easy way to report bugs in the program. It's fine for standard easy returns, but can be a pain in more difficult situations. However, having seen it's main competitor, I still prefer to use this program. It gives you 5 free Federal transmissions,, but wants about $ 20 to send a state in. I don't need five free Federal returns, I need a completely free Federal and one state. I always print my state returns and mail them more cheaply. It says it has printed all the forms for the state return, but VA needs a Schedule E for filing and the program DOES NOT automatically print one. I always have to go back and print another Schedule E to attach.
I switched over to H&R Block after using TaxAct for several years. My tax return is simple, just barely enough investment activity to require a 1040 filing. HRB cost less to use and file and was slightly easier to work thru.
I've used this software for a number of years now and feel it does a nice job of calculating my taxes. Easy to use, appears very accurate and installs and updates easily. Problems with state e-file. Return was pending for 14 days, called tech support, several long waits and was told return was "hung up on sever" and would be processed but since it was the due date I should consider running down to the Post Office and file a paper return before midnight. E-file finally processed/accepted three days later. In essence I've now filed my return twice with NYS! I see a lot of letter writing/explaining in my future!
Considering the fact that when I needed the software most e filing did not work I am very disappointed. After 15 years I guess it is time to try another.
Excelent job on Ferderal Tax US based income, Great on individual states. Not that great when it is multiple states. Could do better with foreign investments