KEOGH/SEP/SIMPLE Contribution Worksheet

[LAHCPA1]

There is an error on the KEOGH/SEP/SIMPLE Contribution Worksheet  - Line 9 Allowable elective deferrals states - (not more than $20,500) However, the amount calculating in the form is $19,500.  This needs to be corrected as it effects the calculation.

Hopefully, the program is not going to have these "sloppy" errors.

[rbynaker]

ProSeries in notoriously terrible at updating inflation adjustments in early releases of the software.  You'd think by now someone there would have a checklist of everything that we know a year ahead of time is going to change, but apparently not...

See if you can override manually for now and then clear it once the software is updated.  They almost always get things like this fixed before efile season opens.

[IRonMaN]

If lieu of a checklist, they release the software early so that paying customers can tell them what needs to be updated.  This method is so much easier than going through a silly checklist.

[BobKamman]

Of course, if there is no inflation there is no adjustment.  They have to run the program past IRS for approval before releasing it, but IRS isn't interested in anything that would make taxpayers pay too much -- they're just interested in enforcement issues.   

[Just-Lisa-Now-]

If youre referring to 2022 program, you'll probably find lots of things that still need to be fixed.  Lots more updates will happen before the filing season begins.

[sjrcpa]

And after it begins, too.

Hey-I wanted to insert a smiley face but that function seems to be enhanced out of functionality now.

[Just-Lisa-Now-]

They put the Edit function back and screwed up a bunch of other stuff it looks like.

[IntuitBettyJo]

Yea, sorry about that. Trying to get things back in order. 

-Betty Jo 

[IRonMaN]

If you go old school and enter a :  and a ), you can get something close to what you want  🙂

[Dusty2]

Funny, they can break things that don't need broken but they can't fix the browse feature.  Unbelievable!

Maybe they don't know about it???

[BobKamman]

¯\_(ツ)_/¯

[sjrcpa]

Duh! I forgot about that.

[Skylane]

……and if they don’t fix it until after you’ve filed the returns, they can always change your return…. 😞