OT - Tax Return Question

[Michael B]

Originally Posted by Jewish-collector

When it comes to tax questions, sometimes you just gotta ask, "Where the hell are you BobC ?"

Alan is correct. However, consult the tax professional that you use and that is not Turbotax.

[BobC]

Originally Posted by Michael B

Alan is correct. However, consult the tax professional that you use and that is not Turbotax.

Don't forget Turbotax actually hires tax professionals to offer online assistance to people that want it. I know someone who was doing that a couple years ago. Good, knowledgeable guy was the Controller for Greats Lakes Brewing at one time. Just trying to follow the Turbotax instructions yourself, now that's a different story. LOL

[Michael B]

Originally Posted by BobC

Don't forget Turbotax actually hires tax professionals to offer online assistance to people that want it. I know someone who was doing that a couple years ago. Good, knowledgeable guy was the Controller for Greats Lakes Brewing at one time. Just trying to follow the Turbotax instructions yourself, now that's a different story. LOL

Yes, I fully understand that they hire very qualified professionals. I respect that approach. I saw his question, and the ones that many on this site ask, and felt that he needed to sit in front of a qualified accountant/CPA who would answer his questions and walk him through the scenarios. Just went over the taxes with my accountant last night - ouch!!

[BobC]

Originally Posted by Michael B

Yes, I fully understand that they hire very qualified professionals. I respect that approach. I saw his question, and the ones that many on this site ask, and felt that he needed to sit in front of a qualified accountant/CPA who would answer his questions and walk him through the scenarios. Just went over the taxes with my accountant last night - ouch!!

Fun stuff, isn't it? LOL

And it is just going to keep getting worse over the next several years. Ugh!

[Michael B]

Originally Posted by BobC

Fun stuff, isn't it? LOL

And it is just going to keep getting worse over the next several years. Ugh!

My wife does not work. Her capital gains were 50% more than my salary last year and my salary, with incentives and bonuses, was 85% higher than my base salary. Fortunately, she is paying the tax bill.

[BobC]

Originally Posted by Michael B

My wife does not work. Her capital gains were 50% more than my salary last year and my salary, with incentives and bonuses, was 85% higher than my base salary. Fortunately, she is paying the tax bill.

Here's hoping those gains don't turn into big losses in 2022. LOL

[Hordfest]

This thread is making me dread selling...I was so excited to sell my old collection but now I'm quite nervous about all of this.