TaxGuyBill
Level 15

@Amanda5712 wrote:

Has anyone noticed since the last update that the federal income tax is not calculating correctly?

My client taxable income 103588  tax calculated by proseries 14,008.00

Manual calculation with tax table calculation 13404.00


 

Are there anything things that you may have mis-entered in the software, such as entering something as a short-term capital gain rather than a long-term gain?

Is there anything that you may have missed on your manual calculation, such as factoring in the Foreign Earned Income Exclusion?

If there are any Schedule D capital gain worksheets, I think you can print them out.  Have you tried that and compared that to your manual calculations?