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Level 1
December 7, 2019
Solved

State Tax Refund worksheet is not calculating taxable refund correctly?

  • December 7, 2019
  • 1 reply
  • 10 views

State Tax Refund worksheet is not correctly calculating correct amount of refund taxable?

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Best answer by IRonMaN

You are correct.  There was an alert issued on November 26 telling everybody about the issue.  The fix wasn't done until the first part of January so if you transferred returns before the fix, you have issues.  You can now either retransfer returns you haven't worked on yet or you can go into each return that you work on and check the correct box on the state refund worksheet.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

You are correct.  There was an alert issued on November 26 telling everybody about the issue.  The fix wasn't done until the first part of January so if you transferred returns before the fix, you have issues.  You can now either retransfer returns you haven't worked on yet or you can go into each return that you work on and check the correct box on the state refund worksheet.

Slava Ukraini!
Level 3
December 7, 2019
The alert issued in November said it would be corrected by "early December" and it was not.  There were no other notices.  I prepared nine returns with an incorrect calculation for my early/efficient clients before I noticed the error.  Over $2000 in incorrect refunds.