Screen 2Yr - Two Year Comparison (1040)

Overview

Use this screen to report last tax year's income, adjustments, deductions, and calculations. A two-year comparison calculates using this information and the current year's data. Enter amounts that correspond to the applicable Form 1040 line items in the 2Yr screen. You can overwrite amounts proforma'd in the 2Yr screen if they differ from those shown.

Adjustments and Deductions

Enter both itemized deduction amounts and a standard deduction amount, if desired. The Deduction taken line on Form Two Year Comparison defaults to using the larger of the standard or itemized deductions. If a different amount should be used, enter it in the Summary section, in the
Deduction taken
field.

Summary

Enter prior-year Form 1040 amounts. The Two Year Comparison Report uses this data instead of calculated amounts, so enter only override amounts. If amounts change in another section, delete proforma’d data here so the changes carry to the report. This data updates fields on the History screen, and the History screen Summary section updates this data.
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