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Multiple versions of same clients return

umreb78
Level 1

Saving multiple versions of same return. Is this possible? Have completed a 2019 return but client now wants to see a "what if" scenario involving multiple assets. "what would my tax have been in 2019 if I had _____ versus what my tax liability was without such a transaction?". Transaction involved is very complex and I don't want to even touch the return as it was prepped and filed. Can a second version be saved and used as a "hypothetical version"?

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1 Solution

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abctax55
Level 15

Copy it and use a different number.  I use initials+Proj.  

IF you use REP, you *shouldn't* be charged unless you change the ID number.  You will be prompted that changing the number may result in a charge; if you do get billed, it's easy to get it reversed.

OR, you can use all 999999's - then you don't get billed.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

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3 Comments 3
abctax55
Level 15

Copy it and use a different number.  I use initials+Proj.  

IF you use REP, you *shouldn't* be charged unless you change the ID number.  You will be prompted that changing the number may result in a charge; if you do get billed, it's easy to get it reversed.

OR, you can use all 999999's - then you don't get billed.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
umreb78
Level 1

Many thanks ABC. Much appreciated

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abctax55
Level 15

YVW

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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