How can $300 be entered on Form 1040, line 10b?
This does not seem tp work. There is no instruction in ProSeries HELP for this field.
Will this be updated soon in order to submit returns?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
you enter on sch A cash contribution, it will carry over to ln 10b,1040
$500 was already entered on 1040 Schedule A as Charitable Contributions, Schedule A, line 11 shows the $500 contribution total. Nothing appears in 1040, line 10b. Should have shown $300. Itemized deductions were less than the standard deduction. So, it looks like 1040, line 10b is not working in ProSeries.
You will have to type it.
"Typing" $300 in Line 10b doesn't work. Nothing typed onto the Form 1040 line 10b enters. You can override the blank space in line 10b, BUT line 10c does not do the subtraction of the $300..
Let's face it, Intuit has not finished the programming for line 10b.
This affects a lot of returns where the taxpayer(s) take a standard deduction.
I think your software is not working well. Type any amount in the schedule a cash contributions, that amount will flow to 10a, then type 300 in Line 10b, you do not have to overwrite anything. I have tried many times. And it does the calculations.
On Basic, after you record $300 on sch A, go to General Information, hit 1040/1040SR Wks, scroll down to 10B & enter $300.
It doesn't do the calculations. As you said, "type $300 in Line 10b".
ProSeries should do the calculations for line 10b, if there are figures in Schedule A for Cash Contributions, and standard deductions are used.
This should be simple logic.
Probably, their programmers are working on many other things now with the last minute legislation in December.
entered through the 1040,1040SR worksheet. comes up pink to enter, then flows to 1040
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.