rbynaker
Level 14
02-18-2022
11:22 AM
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Looks right to me based on the info provided and a quick run through the Line 5 Worksheet on page 4 of the instructions:
https://www.irs.gov/pub/irs-pdf/i1040s8.pdf
~$20K over the phase-out threshold @ 5% = $1,000 reduction in CTC.
Has anyone found where ProSeries hid the Line 5 Worksheet yet? IMHO you can't meet due diligence requirements without it.