“I want to do a return "what if" scenario to split longterm and shortterm gains in half so the account joint tenant can file on the other half. I could do it in place to see impact, then reverse, or copy the taxfile and do it in copy. Recommendation?”
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I am NOT a tax person. But Turbo Tax makes it easy to "redo" a tax filing . Depending upon complexity, one can also pre-file twice: once as scenario A and once as scenario B Compare results and physically file the preferred scenario. (Filing jointly? Scenario A is husband first, then wife. Scenario B is wife first, then husband.) Turbo tax allows you to uniquely name a saved prep before filing, so prep one way and save as NameA. prep the other way and save as NameB. Physically file better option. IRS won't see your file names on your hard drive.
Sorry, there was a problem. Please try again later.TurboTax Premier 2023 Federal & State does allow you to prepare your tax return and copy the tax data file to compare differences but please ensure you file the correct one. You may find the article "Save a backup copy of your tax file" useful for this process. Should you need additional assistance with comparing these scenarios, there are more resources on our community page. Furthermore, you are able to create a post of your own in order to receive direct assistance from one of our experts. We are also available to you on Facebook, X, or Instagram should you need help getting started with this process or run into any complications with the software.
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