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Personal Finance and Investing

question everything

(49,179 posts)

1. So.... went to look at the new forms

Reply to question everything (Original post)

Fri Jan 1, 2021, 03:11 PM

Jan 2021

Yes, there is a new 1040 for 2020 and it has Line 10 - Adjustments for Income. 10a is from Schedule 1 and 10b is charitable contributions, see instructions.

Aha, Instructions for 1040 are still from 2019 and there is one Line 10 - Business Deductions..

Yes, I am already getting reminders from TurboTax to "claim my refunds." So let's hope that all the relevant forms will be updated.

Is this part of the Trump non-transition cooperation?

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Tax Moves Worth Considering Before the End of the Year [View all] question everything Oct 2020 OP

So.... went to look at the new forms question everything Jan 2021 #1

TurboTax: "claim my refunds". I don't think so, I expect I'll owe $8,800 federal taxes due progree Jan 2021 #2

Why did you not increase your estimated taxes during the year? question everything Jan 2021 #3

I'm safe harbor - I paid 2020 estimated taxes in total equaling my 2019 actual taxes progree Jan 2021 #4