Jump to content
ATX Community

ATX AM FORMS UPDATE


Edward

Recommended Posts

I note that the morning update included 1040 and also Sch A; but it has created a problem. Had client with following situation regarding the addition of real property taxes & the error was highlighted in RED and said: 1040 error - RE taxes

included in standard deduction cannot be greater than $500.00 and wouldn't let me e-file - maybe an error in the new 1040 version (#52) or the Sch A version (#21):

LINE 40 - STANDARD VS ITEMIZED DEDUCTIONS:

A. Line 4 5450. single

B. Line 5 1350. over 75

C. Line 7a 226. RE taxes paid

D. Line 7c 226.

E. Line 8 500.

F. Line 9 226.

G. Line 10 and 12 7026 (5450 + 1350 + 226) = 7026 the amount that appears on line 40 of page 2 1040.

Anybody else having this problem? Any immediate solution and than action by ATX?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...