The 1040 software should include a Net Operating Loss worksheet similar to Worksheet 1 of IRS Publication 536. If I had not created this myself on Excel, I would have paid $1300 more in taxes and miss out on a $500 refund from the state. The software is difficult to use for partnerships unless you have experience in partnership preparation.
I used H&R Block software for many years and always had a good experience. For the first time, there was a lot of stuff that acted weird. Sometimes, drop-down menus didn't work, some forms didn't have interviews but when I tried to enter the data directly, it would not let me. And the worst is the Rentals and Royalties worksheet. I thought I would lose my mind. So all that needs improving. I don't know whether it is because of the new tax laws and you have not adapted your software yet, but I was much happier in previous years. I cannot recommend as is, but if it improves again next year, I will be happy to recommend.
From a user point of view, the software is not very well organized. A. In order tax return done, I had to go back-and-forth between form (W2, 1099, etal) data entry and tax forms. I had to refer back to form 1099-MISCs on SEVERAL occasions. VERY CONFUSING B. The software makes references to thing that are not apparent UNLESS you know what the software designer intended. C. The Interview Mode is incomplete.
One is. alternately, treated like a novice and an expert. Make up your mind HR Block!!!
It took me 5 iterations to get through the process. You need to do better!!! To sell this for anyone other than a seasoned tax preparer is wrong. TOTALLY MISREPRESENTED!!!
I don't think I'm going to use this software again. IT IS BAD
PS: I cannot attest to the accuracy of the return. I hope its ok.
Cons: Time consuming, Hard to prepare, Hard to import documents
First time I used H&R Block software. I've been using Turbo Tax for 20 years but a change in my finances made me go another direction. One thing that I could never find or be prompted to do was to enter my wife's and my IRS Identity Protection Personal Identification Number. I thought it might come up when it was time to E-File but it never did. So, what's going to happen, my return will be rejected because no IP PIN was never inserted. This category needs to be fixed in future income tax software. If it is already there, why couldn't I find it? I used the Help page but that was a joke.
once one retires and gets a tad older they have to start paying for delaying taxes with IRA. the search tool was rather frustrating in helping determine were and how to record Required minimum distributions RMD and even now i think i did the right thing