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

[poolcleaner · Accepted solution]

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.

[poolcleaner]

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-]

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?

[Taxes-by-Rocky]

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

[Just-Lisa-Now-]

ProSeries does multi millions over 10 mill just fine, Im thinking stevie is using Turbotax

[steviefitz1]

Nope.  I’m using ProSeries.  I didn’t have any clients over $10 million in 2018, but I have someone who will be over $10 for 2019.  When I go to the 1040 ES worksheet in the 2018 software, it won’t go past $9,999,999.  

[Just-Lisa-Now-]

Ohhh, maybe the ES worksheet struggles with figures that high....   @Intuit BettyJo  any input on this?

[poolcleaner]

Stevie, do a save as on this year's return and then enter the 2019  numbers in the 2018 return (Save As copy).  There are few enough changes from 2018 to 2019 that you should be able to have a reasonable projection for the 2019 return.

[Just-Lisa-Now-]

:+1:

[IntuitBettyJo]

@Just £isa Now! looking into this for you, I'll let you know as soon as I have any updates. Thanks!
-Betty Jo

[IntuitBettyJo]

ok, so it appears the field limitation in ProSeries  is 8 digits, anything over 8 digits will not work.  Hope this clears it up for you! -Betty Jo

[Just-Lisa-Now-]

OP says they are getting the error with 8 digits on the ES Worksheet

[poolcleaner]

@Intuit BettyJo  The program works with 9 digits just not the ES worksheet.

[steviefitz1]

Ok.  Thanks.  That’s the only thing I needed for more than 7 digits, but it didn’t work.  As long as I can do the actual 2019 return, I’m good.  I did the 2019 estimates by hand.  

[poolcleaner]

:+1: