@AndrewYang It’s nothing but a gimmick. Someone pouring a cup of coffee gets a tax break while the worker changing someone’s oil pays tax on all his earnings. Both are hard working people. Gimmicks are seldom good tax policy.
In his first event here at the 2022 USMS Summer Nationals, Willard “Wink” Lamb comes into the finish with a standing ovation. Wink finished with a time of 42:26.81. He is the first male in the 100-104 age category to ever compete at a USMS long course national championships.
@SmithMatthewC I checked with Ultra Tax, and they said "for now" the data will not carry to the forms. Must be manually entered (this required a 1.5 hour phone wait)
@SmithMatthewC I have considered including Part III, Section 2 - Allocation of interest expense just to show that all interest income was allocated to US Source Income (investment interest, business interest, or passive activity interest). Any thoughts?