Software is pretty good for schedule C contractors. We’ve used it for a couple years now and it works pretty well. Some questions are still confusing. Like where to put the car property tax deduction. Is it a business expense or just a regular property tax deduction
I had to buy this due to some oil & gas royalties, but was disappointed that the item for depletion had no prompts, only an information box that stated depletion was complicated, use this link to the IRS site. Also, the home office information did not transfer to the state (PA). I had to dig out all the information and re-enter it.
I had a problem with the catch-up IRA amount it should have allowed my wife to take another $1K dollar deduction over last years deduction, but the program would not allow it, so she only took a $6K catchup. Do you know why? Was there a change in the normal IRA deduction amount for a self employed person adding to their SEP-IRA?