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Can this be done with TurboTax?
Hi, I have TurboTax 2024 and many previous years' versions....my question is this. I would like to do a "quick" entry of my basic data into turbo tax, to see if I should make some charitable deductions or other transactions to lower my tax bill - before the end of the year.
I know my dividends, cap gains, ordinary income. I can make some basic estimates on deductions, charitable deductions, etc. I just want a simple way to enter this data with some "guesstimates", to see what the tax bill looks like, and then I can change numbers to see what I am able to do before Dec 31. I don't want to go through all the Q&A normally needed to enter exact data - I don't have 1099s yet - and I noticed some parts of Turbo Tax 2024 aren't even ready.
I could even do this using Turbo Tax 2023 to get a very rough idea where my taxes stand. I have versions still installed on my computer back to 2016.
I am thinking there might be a table/form with final numbers in one of my older tax files (or create a new one), that I could use to just change or type numbers into, that was not connected to interview questions, downloads, etc.
Is there a simple way to do this with any version of Turbo Tax? Thanks.
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Can this be done with TurboTax?
Hi,
You've posted your question in the Canadian TurboTax community forum. Was that your intention? 1099 is a U.S. IRS form.
I'll let you sort it out. I'm trying to do the same thing as you are before year end. But the desktop 2024 TurboTax software is not yet available as far as I can tell.
Good luck.
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Can this be done with TurboTax?
Oops, sorry, I’ll repost in the correct forum.