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Personal Finance and Investing

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question everything

(50,626 posts)
Tue Feb 25, 2020, 02:19 PM Feb 2020

Got to love the IRS forms [View all]

As I have posted here before, I keep a spreadsheet throughout the year, for estimated taxes, or if we generate capital gain or loss.

I thought I was ready, has all the up-to-date forms and spent several hours trying to understand TurboTax medical deductions (had many in 2019, mostly dental work).

I finally talked to an advisor who notified me that... in contrast to my Schedule A instructions from Dec. 6, 2019, stating that only expenses that exceed 10% are allowed, the new instructions from Jan 6 state that... cap was dropped to 7.5%.

At least I think that I am now ready to file..


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