WTF: TurboTax is screwing up?!?!?!

[IHateMyJob2004]

I do naked puts. That is shorting options bascially. All "shorts" are to be taxed at a short term rate. Turbo tax is giving me the 15% long term rate?!?!?!?!?!

WTF! Am I going nuts?

 

[Farbio]

one more reason h&r taxcut FTW!

 

[IHateMyJob2004]

I might move to Tax cut next year. I know how this stuff is supposed to be taxed, so I can always fix it. Turbo Tax got it right last year even. But this year, they are just Fing it up!

EDIT: This is no small bug. Anyone who shorted stocks/options this year is going o have Turbo Tax F up their whole return.

 

[IHateMyJob2004]

Update. Well, they manage to look at the dates and figure out my gain/los correctly. They just appear t obe applying the incorrect tax rate? So agrivating.

 

[IHateMyJob2004]

ARGHHHHHHHHHHHHHHHHHHH

Turbo tax does all the short term/long term stuff at the end. not "on the fly". Why even have hte on the fly updates if they don't work?

 

[mchammer]

lol

 

[TallBill]

Worked fine for me, but my return was pretty simple. Only reason I used them, is that its free for Army.