Does anyone have a client whose income is above $10 million? My ProSeries won't calculate above $9,999,999.

Forum|Forum|6 years ago
December 7, 2019
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ProSeries Professional

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Best answer by poolcleaner

Pro Series does work on income over $10,000,000. I just looked at one with W-2 income over $15,000,000 that calculated correctly. It also has LTCG of over $3,000,000 and qualifying dividends of just under $4,000,000. The tax is over $5,000,000.

P

poolcleanerAnswer

Level 8

Pro Series does work on income over $10,000,000. I just looked at one with W-2 income over $15,000,000 that calculated correctly. It also has LTCG of over $3,000,000 and qualifying dividends of just under $4,000,000. The tax is over $5,000,000.

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poolcleaner

Level 8

By the way, I changed a number and it calculated the tax at well over $200,000,000. It would not calculate if the income is over $1 billion. It wasn't that many years ago that Melinda Gates was using Pro Series to calculate and file the taxes for Bill and Melinda Gates.

Just-Lisa-Now-

Intuit Community Champion

I don't even have a client that has income of 1 million, let alone 10, sorry. But I just entered 85 million in stock sales on a dummy return and it seemed to work fine..which version of ProSeries are you using? TurboTax may not allow figures over the 9,999,999 mark though...is that what youre using?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Taxes-by-Rocky

Level 7

I agree. PS needs an upgrade. There are places where the dollar limits are just too low.

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