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I did my return with TaxAct this year and did not follow the linear wizard. Rather, I clicked around and entered various forms as I received them (a 1095-A, then a 1099-MISC, then a W-2, etc).

TaxAct does not handle this well and may end up generating a bad return. In my case, I entered a 1095-A before entering my self-employment income. The return ended up giving me credits/deductions for my health insurance that summed up to a larger amount than the premiums I actually paid. It was glaringly obvious when I checked the return over.

To fix it, I had to go back and remove/re-add the 1095-A. But I probably would have filed it with the incorrect amounts had I not double-checked the return.

Be careful out there!



Submitted February 15, 2018 at 09:42AM by IEatTehUranium http://ift.tt/2su06rf

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