Oregon - Federal tax liability subtraction

Forum|Forum|5 years ago
January 28, 2021
1 reply
17 views

Just a heads up, Lacerte is not currently calculating the Federal Tax Liability Subtraction correctly on the Oregon tax return, Line 10. Stimulus payments/recovery rebate credit is not being included on the worksheet (line Eight as per the instructions). This deduction can be overridden in screen 51...

Lacerte Tax

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BobKamman

Level 15

Speaking of Groundhog Day (if you're lucky, you missed today's earlier posts) -- here we go again.

I'm following Oregon Form OR-40 Instructions until and unless they publish a correction.

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/re-oregon-federal-tax-subtraction-is-incorrect/01/116278

C

CGJeffAuthor

Level 3

Thanks for the constructive reply.... (sarcasm)

In the link you shared, you clearly have a difference of opinion, but still has no resolution for the rest of us that disagree with how you are handling it.

C

CGJeffAuthor

Level 3

In addition, Lacerte (not pro-series) is not including ANY stimulus payments/recovery credits in calculating the federal tax subtraction, regardless of when they were received.

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