Sam2
Level 2
03-26-2020
03:35 PM
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The downloading of tax information has many problems. It doesn't work for all the information in a tax reporting statement. You may think you imported all of it because some of it flows to the correct places, but if you don't have a hard copy to check it, you may run into a problem. I posted earlier about my eaperience.
I was finally able to Import my 1099 Fidelity information. The problem is all of it was not imported. 1099-Misc was not imported (substitute payments in lieu of interest). If I hadn't gone over the return line by line I would never had caught this. This software is useless to me. A client could sue me for this type of mistake.