When are "ESTIMATED TAXABLE INTEREST OVERRIDE" and "ESTIMATED TAXABLE DIVIDENDS OVERRIDE" used?

[davetodd11]

I was reviewing a client's 1040 and found entries for "ESTIMATED TAXABLE INTEREST OVERRIDE" and "ESTIMATED TAXABLE DIVIDENDS OVERRIDE" on the Schedule B.  I think I might be losing my mind, but I don't recall posting either of these entries, and they are in all caps, which I only use when I copy and paste.

I don't recall ever seeing these phrases, and wondering if I entered something elsewhere in ProSeries which prompted the software to post these.  Open to any suggestions on this, because I'm totally baffled.

[dkh]

Weird.  Are you the only person that would work on that clients return?   Did you look back at last year's return to see if the Sched B had those entries and they were transferred to this year?

[davetodd11]

Yes, I am the only person who uses my ProSeries.  I didn't do the returns last year, but checked the 2020 returns and there is nothing like this in them.  I don't find this term in any of the source docs.

The figures from the source docs total:

$122k in Interest and $685k in Ordinary Dividends.

With these INT/DIV override entries those figures on the 1040 are $1.49M and $1.41M, respectively.   

[IRonMaN]

You said you didn't do the returns last year.  But did someone go in and play with the return after it was finished?  You said you checked the 2020 returns, but does that mean you looked at a pdf or paper copy instead of going into the software to see what is in there?

[dkh]

I'd delete those entries - simple as that. If you didn't put them there and the entries aren't accurate based on the clients information then wipe them out.   

[davetodd11]

A different tax accountant did those with a different software.  I'm working from the .pdf copy.

[davetodd11]

That's what I'm inclined to do, but if PS doesn't populate something like that, then that means I had to have done that back in March when I filed the extension.  Just can't for the life of me recall doing so or where I would have gotten that data.  I'm not planning on submitting the returns with any data that I can't support from the source docs, but just wanted to see if anyone else had seen something like this before I deleted the entries.

[dkh]

I've never had PS populate that type of entry.  And I don't recall reading any posts with similar situation.

If I had a $1 for all the things I did back in March that I can't remember, I'd be R$CH.

[IRonMaN]

That's too funky of a thing for the software to create on it's own.  But if I wanted to load someone in that I was going to correct later, I would do something like that so I can catch it later when I prepared the return rather than just entering ACME as the income source.  It's a funny thing what tax season can do to memories. 😉

[TaxGuyBill]

Curiosity would get to me (and would be needed if there was ANY chance it was correct), and I would try to figure it out by deleting things one by one until it disappeared.