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Level 3
March 22, 2023
Question

Louisiana Fiduciary Form IT-541 footing error

  • March 22, 2023
  • 1 reply
  • 7 views

Caution to preparers about an addition/footing error on Proseries Professional 2022 Louisiana Fiduciary Return Form IT-541.  I reported this issue last year but it's still not fixed.  If page 2, line 4 is a negative with the "X" marked designating it as negative, the software acts as if it's a positive number, so line 6 is not footing correctly and creating an income tax due.  Last time I checked, a negative number (line 4) minus another number (line 5) is negative, not positive (line 6).

Hopefully this posting will make it's way to the programmers to fix.  In the meantime, I will have to override the software again.

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1 reply

Level 3
March 23, 2023

Hello, 

Proseries has released a fix for the issue you reported. Please download the latest formset version of Louisiana Fiduciary.