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2021 Calif fiduciary income tax return exemption credit

Encino1010
Level 1

Lacerte program is incorrect??

2021 California fiduciary income tax return qualified disability trust exemption credit shows $124 and should be $129.  This resulted in the FTB allowing $1 as the credit as there is no designation on the Form 541 that shows the qualified disability trust status and Lacerte shows an amount that does not correspond to the correct amount for this type of trust.

Any comment...Lacerte?

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3 Comments 3
sjrcpa
Level 15

Does the federal return show Qualified Disability Trust?

 

FYI - you are unlikely to get a comment from anyone at Lacerte.

We who reply are volunteer users of the software.

The more I know, the more I don't know.
Encino1010
Level 1

Thank you for your response.

The federal 1041 shows the Qualified Disablity Trust box checked.

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joshuabarksatlcs
Level 10

$124 was the 2020 amount.  The correct amount for 2021 is $129.

@IntuitGabi you may want to alert programming.

The amount can be overridden on Screen 57, State Credit, bottom item.  


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