Vermont form IN-113, line 31a, is incorrectly showing non-Vermont municipal income. Is there a programing issue? The 2020 tax program handled this issue correctly but the 2021 version is not.
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This sounds like operator error. Look at your input last year and then at this year. In the Interest screen the input is only for In-state Municipal Bonds - the preparer needs to differentiate before input.
If it is a part year resident, it would take special handling in the split.
Thanks for your response. However, the "In state municipal bonds" input section is empty on both the 2020 & 2021 screens as it should be but the software for 2021 is not treating it as "non-In-State" as it should, as it did on the 2020 return. I think there is a programming issue here.
And if it was in-fact "in-state" then form IN-112 would not treat it as an addition to federal AGI on line 1 & 2 of part 1.
It can't be both ways, an addition to fed. AGI and a subtraction to compute Vermont % on form IN-113, part 2.
This did not happen in the 2020 tax software. How do I get this issue in front of Lacerte programmers?
Ctrl + L will open a communications with Lacerte. You can actually attach a return with your detailed explanation.
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