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Two Year Comparison for Schedule F

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Two Year Comparison for Schedule F

Please add a Two Year Comparison for Schedule F.  I've been asking for 20 years.  This is a business form just like Schedule C and Schedule E and deserves a two year comparison!  I don't understand why there isn't one already.

Status: New
Vote now if this is a good idea
6 Comments
Level 11

IRS receives about 25 million returns each year with Schedule C.  They receive less than 2 million with Schedule F.  That's out of about 150 million total returns (not counting those this year from "nonfilers.")  Providing a feature that may be useful for 15% of returns, may be useful.  Providing one for less than 2% of returns, raises the question of whether those of us who would not use it should pay for those who do.

The same situation applies to state returns.  The two-year comparison is offered for California, where 18 million returns are filed.  It's not for Arizona, with only 3 million.  

Of course, I may use the two-year comparison on only 15% of the returns I prepare (in my case, it's probably less than 10%), but for those returns it can be very helpful for spotting errors or omissions. But I could do the same, looking at a paper copy of last year's return.  I have only one Schedule F filer, 50% fewer than I did a couple years ago, and I don't want to pay more for bells and whistles that I might use only once a year.  

Level 4

@taxshack  it makes sense to replicate a feature into Sch F that has been written into the PS program twice already [Sch C & Sch E].

@BobKamman  Intuit is going to increase the software price to you each year whether they add a feature, fix a problem, or do nothing.  

Level 11

@The_AntiTax_Man  Intuit is going to increase the software price to you each year whether they add a feature, fix a problem, or do nothing. 

That might be true if the government owned Intuit, which one might argue is the case because when IRS tells them to jump, they ask how high.  But we still try to maintain the illusion of free-market, private-enterprise competition in this country.  If Intuit raises the price, there are still competitors that cost less.  They may offer fewer features, but I can still do returns without all those bells and whistles.  Does anyone else have OIH for Schedule F?  How much do they cost?

Level 15

It doesn't matter anyway.  To get a request to reach 50 points is about as likely as having a COVID vaccine being ready by the end of the week ----------------- keeping in mind that we don't have the great medical system that Russia has.  But it is nice that Intuit has the nice scoreboard in the corner of this page letting us know the status of all of these great ideas.  The good news is at least the number of suggestions under review is keeping pace with the number rejected.

Level 4

@BobKamman  Intuit added this Idea Exchange.  Whether they have time to program all of the ideas or program none of the ideas put forth here remains to be seen.  At the very least Intuit is showing some interest in what the users think would improv their software.  So, Bob, cheer the ideas you like, ok?  The price of your software is going to go up every year.  (By the way, I'm tired of paying for your Sch C two-year comparison that I never use, but voting for Intuit to save some money to get rid of this feature will not lower the cost of the software to me.) 

@IRonMaN Maybe this Idea Exchange will turn into an Intuit software improvement lottery.  Most cheers gets in? 

Level 15

"Maybe this Idea Exchange will turn into an Intuit software improvement lottery.  Most cheers gets in?"

I think you have a better chance of winning if you bought a real lottery ticket. 💰💰💰

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