Pro Series is reporting 2024 Michigan (MI) flow through entity credit as 2025 state tax paid for schedule A error
Hi All,
Pro Series is reporting 2024 MI flow through entity credit as 2025 state tax paid for schedule A. This is an error - has anyone found an easy work around for this? We shouldn't get a 2025 deduction for this as the 2024 K-1 was already decreased for this on the prior year tax return. I am simply overriding at this point.
I called Pro Series and they do not have an open case for this issue. Please call them to get as many questions on this so they will open a case.
Also - they are not supporting the MI FTE credit line on Form MI-1040 & the addition of MI taxes paid via FTE on Schedule 1. They are not including the New MI Form 6072 that stages all of these number as well.
MI CPAS - please call and add your name to the list of complaints on this. Maybe they will fix this.
