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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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1041me
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rj-jbs
Level 1
02-23-2023
09:21 AM
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ProSeries is pulling the amount in line 2, "Fiduciary Adjustment", from the 1041, Line 11. This was verified on 2/21/2023 by a ProSeries Rep (Case:1595385291). The problem is that this could be incorrect. Line 11 on the 1041 includes property taxes, which should NOT be an add-back on the 1041ME. The result is that Maine taxable income is erroneously increased. Also see Maine's Schedule 1 on page 2, as the amount from federal line 11 lands here first, before populating line 2 on page 1. One can work around the error by entering a correcting amount on Schedule 1, line 2f.
ProSeries suggested solution is to post the situation here.
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