Oregon federal tax subtraction

Forum|Forum|5 years ago
January 11, 2021
7 replies
16 views

I'm aware that the software still has a lot of updating to do. With that said, I thought I should bring this up as soon as possible. Oregon has a federal tax subtraction every year. For 2020, that subtraction has to be reduced by the two stimulus payments received (as well as the recovery rebate claimed on the 2020 federal return). I am noticing that the software has reduced the subtraction by just the first stimulus, not the second. Can you tell me whether that will be revised before the software is ready to efile? Thanks.

ProSeries Basic

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Just-Lisa-Now-

Intuit Community Champion

I added a link your post in an area that Intuit employees will see it quicker, so that they are aware that this may be a bug and to make sure it makes into the update queue.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

C

cinmon428Author

Level 6

Thanks Lisa!

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cinmon428Author

Level 6

Upon further testing, I can see that the federal subtraction on the Oregon return, which currently only takes into account the first stimulus, can be overridden, but ONLY for brand new returns. For returns where information is being carried over from a previous year (in other words, any ongoing client), when attempting to correct the federal subtraction on the Oregon return, an error is created in the Oregon software.

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cinmon428Author

Level 6

After today's update (January 13), the Oregon federal tax subtraction still is not correct. The second stimulus payment (or recovery rebate credit, whichever applies) is still not reducing that federal tax subtraction, so the number showing for the federal tax subtraction is still incorrect. Hopefully they are still working on this, but we're getting close to opening day, so I'd appreciate it if someone could check and see that they are aware of this problem.

Just-Lisa-Now-

Intuit Community Champion

@IntuitAustin I put this one over in the lounge but I figured Id tag you here too

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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