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Level 2
February 26, 2022
Solved

When I'm entering the info from an Amended Return, Proconnect is calculating the tax differently than the original return.

  • February 26, 2022
  • 1 reply
  • 6 views
I'm adding a 5329 for for excess IRA contributions, there is no change in income/deductions. I'm expecting the additional tax of $360 and $720 for 2019 and 2020 respectively.  However, when I enter income, deductions, etc...2019 is calculating tax $9 higher and $8 higher for 2020.  Prior returns were filed in TurboTax and by another CPA.  I know there is an option to override the tax amount and I'm highly considering doing that.
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Best answer by PhoebeRoberts

You didn't enter the amount of qualified dividends.

1 reply

PhoebeRoberts
Intuit Community Champion
February 27, 2022

You didn't enter the amount of qualified dividends.

Level 2
February 27, 2022

BINGO!  Thank you so much.  Both years are matching now!  This rookie did not realize how much of a pain amended returns are!