jbon1771
Level 1
03-26-2024
10:25 AM
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Lacerte is not taking the PTET credit into account when calculating the underpayment penalty for Virginia. My client is overpaid for 2023 due to the credit, but Lacerte is still calculating a penalty on Form 760C because it's not deducting the credit from the Virginia tax liability, nor is it treating the credit as a payment. Is there a workaround?
sjrcpa
Level 15
03-26-2024
10:58 AM
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Override the penalty to zero (-1)
The more I know the more I don’t know.
sjrcpa
Level 15
03-26-2024
11:07 AM
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Or that.
The more I know the more I don’t know.
rburrows
Level 1
02-22-2025
12:22 PM
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We pay too much for this software to have to override for this. Please create a fix. It's 2025 and I'm still dealing with it. I'm using ProSeries