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Tom B
Level 1
November 21, 2020
Question

Form 7202T 2020

Just reviewing the 2020 Proseries, form 7202.  It appears that line 9 in miscalculating, leading to potentially large errors.  It should calculate as the smaller of line 8 or $511.  It appears to calculate as the smaller of line 6 or $511.  Big difference.  I realize the form is only in Draft, but this one might have slipped through...

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3 replies

qbteachmt
qbteachmt
Level 15
November 21, 2020

Over here:

https://proconnect.intuit.com/community/proseries-tax-idea-exchange/idb-p/603

 

Step 3. Submit.

Don't yell at us; we're volunteers
Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
November 21, 2020

I think its far too early to expect brand new forms to work properly yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
CL44
Level 3
December 23, 2020

the totals do not carry to schedule 3 line 12b as it states??

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