One of my clients noticed that the Form 1116 line 18 was different on the return I printed today than the one I printed on 4/4. I dug into it and it looked like the formula for the Form 1116 Line 18 worksheet was calculating differently

    OG: 1040SR Line 11b – 1040SR Line 14 – Sch 1-A Line 37

    Now: 1040SR Line 11b – 1040SR Line 14 + Sch 1-A Line 37

    That changes a lot of things mostly I have filed over 600 returns before the update on the 7th which are all wrong because of this.

    I asked Drake what I was supposed to tell my clients and they said they would get back to me.

    If you are using Drake, you should check your returns and if you see the same thing, call them and complain

    This seems like a massive issue.

    I would love to hear if you are having the same issue or if you think this isn’t a big deal.

    Thanks

    Drake Tax Update is Wrong
    byu/Positive-Bag-2529 intax



    Posted by Positive-Bag-2529

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