The columns labeled AGI, Marginal Bracket, and Carryforward Loss will be blank until a return for the most recently completed tax year has been uploaded. Those columns will populate when last year's return is in the system.
For example, in February 2023, these columns in the household screen will all display a dash until a user has uploaded a 2022 tax return. If a user uploads a 2021 return, the columns will say "-", as shown below:
The rationale behind this is that it can be dangerous to perform certain activities using data from over a year ago as your guide, particularly as it comes to carryforward losses.
That said, some advisors may not have the most recently completed tax year's return for some time, and knowing a ballpark AGI and/or Marginal Bracket could still be helpful. For that reason, in February 2023, we added 4 new fields that users can add to the household screen:
- Last Year on File
- AGI Last Year on File
- Marginal Bracket Last Year on File
- Carryforward Loss Last Year on File
These fields will indicate the labeled information for the last year that Holistiplan has on file. For example, if a user uploaded a client's 2019 tax return and hasn't uploaded anything since, the user could still see that data from 2019.
