PA State Program even years later does NOT handle a IRA conversion. it shows the IRA to ROTH IRA as TAXABLE income. its done this for the past 6 years! you have to manually enter the basis the same so that it drops off as taxable. IRA contributions are taxed in PA. so there is not taxable income when doing a conversion to ROTH IRA of past IRA contributions! the program should be able to tell that its a conversion as the FEDERAL program asks that during the interview.
It is to hard to get help when you need it. I am not a texting person and there are so phone number to call for help. Plus I was rejected by the IRS twice and the code no one what it meant.
Pros: Easy to prepare, Maximizes refund, Easy to import documents
Cons: Time consuming, Hard to prepare, Hard to import documents
Too many flaws to be recommended, when I reported my Roth IRA access contribution. Admittedly, only a minority of tax filers need this to work smoothly. But it’s not something exotic either. I expect more.
If you are conscientious about keeping good records, this product is a breeze to use. If you need a little prompting, you’re still fine, as the application just about takes you by the hand to get through things. It’s terrific!
Pros: Easy to prepare, Maximizes refund, Easy to import documents, Fast
It’s a nice program but it makes it difficult to switch between the interview mode and the forms mode. In some cases reports a accuracy problem but doesn’t take you to the right place to fix it. One example is the question if you have health insurance.