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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: UpNorthJoe   😊 😞
Number: of 84364 
Subject: Re: FrreFillableForms IRS
Date: 02/25/25 6:49 PM
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"It takes me at least 8 hours of battling with the awful TaxAct software, due to capital gain"

I had a Sch-B, Sch-D, and the 1040 to fill out. Luckily, my Cap Gains that I had calculated
matched up with how my broker compiled the 1099-B that gets sent to me and the IRS, so it was
super easy to fill out the Sch-D. Also had to manually calculate how much the tax was
going to be on the cap gains and qualified divs, I used the step by step page in the
paper instruction book for that. So there is definitely some thinking to do, not just
plugging in numbers.

The only part I didn't like was that I had to manually input 3 1099's, there was no
way to download and attach a copy of each. Since I used the exact numbers on the
1099's, and these were sent to the IRS, it would have been nice if I could have just
had an option to click a box stating I just used the exact numbers that they already
had a copy of.

Buy other than that, it sure beat doing them by hand and mailing it in. By far the quickest
I've ever had taxes completed. And it's free !
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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