pennyw960
Level 1
05-07-2021
05:58 AM
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George4Tacks
Level 15
05-07-2021
10:40 AM
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Maybe @IntuitAustin could get a article posted on the steps for this process. In the meantime @itonewbie posted a "How To" in this question https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/how-to-create-the-curr...
PTO does not have a function to split MFJ returns automatically.
- Make a copy of the original return so that the filing copy will remain intact;
- In the newly created return, you need to make sure your prior year return had every income, expense, and credit coded corrected for TSJ;
- Check the MFJ comparison to make sure the allocation is in order;
- Make one more copy of this return;
- In the first copy you made in #2, remove all the entries coded S and manually split the amounts coded J;
- In the second copy you made in #4, remove all the entries coded T, manually split the amounts coded J, and, finally, recode S as T;
- Proforma both of these returns to create their 2019 returns; and
- In each of the 2019 returns, you will need to manually allocate the 2018 taxes from the original MFJ return for F.2210 and YOY comparison.
Answers are easy. Questions are hard!