Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Form 8888 I bonds purchase with balance of refund applied to next year
Form 8888 I bonds purchase with balance of refund applied to next year
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
mgdtax
Level 3
03-10-2023
03:54 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have the individual refund flagged to apply in full to next year (option 6 on shreen 7.1 code 13). I also want to purchase $5K in I bonds using Form 8888. I get the diagnostic that the refund is not enough to purchase the I bonds. Is Lacerte not able to coordinate the two fields, deduct the I bond allocation from the total refund, and then apply the balance to next year's taxes?
Thanks for any possible workarounds, besides remembering to manually override the refund amount being applied.
Labels
1 Comment 1
PhoebeRoberts
Level 11
03-10-2023
03:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Manually override the amount being applied forward.
