I have a Form 8615 with Line 14 amount $1550. Client has no dividends, cap. gains interest etc. Line 15
is calculating tax of $1,018 on that amount??? At 10% shouldn't it be $156??
Any ideas? Thanks!
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Another poster mentioned that you have to activate the Schedule D and then magically the math gets fixed. I'd throw this into a spreadsheet and independently calculate the tax until ProSeries starts getting the right answers.
Personally I wouldn't be in a rush to file this until Intuit actually comes out with a fix. There are a scary number of bugs this year.
Another poster mentioned that you have to activate the Schedule D and then magically the math gets fixed. I'd throw this into a spreadsheet and independently calculate the tax until ProSeries starts getting the right answers.
Personally I wouldn't be in a rush to file this until Intuit actually comes out with a fix. There are a scary number of bugs this year.
Read the post on kiddie tax and unemployment craziness. I believe there may be a solution there for you.
Thanks for the info, but I have nothing to enter on the Schedule D- What would activating it do?
Try it and see.
Thanks that worked! Will try tech support to fix but not optimistic based on past experiences!
Thanks that worked! Wonder what else is lurking out there this year!
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