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Level 3
March 16, 2024
Question

Ohio Estimated tax calculation

  • March 16, 2024
  • 1 reply
  • 1 view

Code 1 for ohio 2024 estimates should calculate tax based on 2024 income as adjusted in the screen and using 2023 rates.  Code 2 calculates the 2024 estimate using 2023 tax.  It appears Lacerte is calculating 2024 estimates using 2023 tax (Code 2) even when I use a code 1.  Is this an error in the software or am I missing something?

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    1 reply

    sjrcpa
    Level 15
    March 16, 2024

    Probably software error. MD never works right. 

    Just keep adjusting/selecting codes until you get the result you want.

    The more I know the more I don’t know.