CraigMerry
Level 2
03-26-2024
12:15 PM
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In computing 2024 Iowa Estimates ProSeries is reducing the net Iowa tax (gross tax, less out of state) by the out of state credit again. If you have a gross Iowa tax of $3,000 and an out of state credit of $1,400 the net tax is $1,600 and should be the basis of 2024 estimates. ProSeries computed Iowa estimates is $200, the net tax of $1,600 reduced by double counting the out of state credit.
I ran into this problem 4 or 5 years ago and ProSeries said they would fix it for next tax season. They still haven't fixed it.
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