Help Please
Level 1

Lacerte does not correctly calculate State adjustment on US bond interest. When a single payer has bank interest, US bond interest AND accrued interest paid on the US bond.  This has been a known issue for at least 4 years and Lacerte still has not fixed it.

The work around is to enter the payer twice - One entry for the bank interest and one for the US bond interest and accrued interest.

While a program can have tax calculation errors pop up occasionally, I find it alarming that a program does not fix a calculation it knows about (there have been posts about this issue going back to at least 2020).

0 Cheers