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- Why is ProSeries incorrectly computing Iowa Estimates when a out of state credit exists?
Why is ProSeries incorrectly computing Iowa Estimates when a out of state credit exists?
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CraigMerry
Level 2
03-26-2024
12:15 PM
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In computing 2024 Iowa Estimates ProSeries is reducing the net Iowa tax (gross tax, less out of state) by the out of state credit again. If you have a gross Iowa tax of $3,000 and an out of state credit of $1,400 the net tax is $1,600 and should be the basis of 2024 estimates. ProSeries computed Iowa estimates is $200, the net tax of $1,600 reduced by double counting the out of state credit.
I ran into this problem 4 or 5 years ago and ProSeries said they would fix it for next tax season. They still haven't fixed it.
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Just-Lisa-Now-
Level 15
03-26-2024
12:53 PM
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There was a post tin here yesterday about Iowa, and that Efiling is delayed right now, I think there may be some kind of issue with Iowa right now? I'll see if I can find the post.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Just-Lisa-Now-
Level 15
03-26-2024
12:54 PM
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https://accountants.intuit.com/community/proseries-tax-discussions/discussion/iowa-returns/00/295726
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
