Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,602
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Post by Ombud on Jan 22, 2015 19:36:48 GMT -5
We all know about ACA but that's not all. I'll start with 2:
1. Section 1256 Contracts & Straddles
2. Form 6781
Both deal with options trading. and although you can download into H&R Block or TurboTax, neither one of those programs are set up to compute correctly
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Jan 22, 2015 21:28:37 GMT -5
that's why turbo tax and the block are so inexpensive... it cannot do what a pro can do....
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TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 28,361
Mini-Profile Name Color: e619e6
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Post by TheOtherMe on Jan 22, 2015 21:55:17 GMT -5
Those two items are too complicated for people who want to use Turbo Tax, etc. People involved in straddles need to be using a tax professional.
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