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
Posted by Positive-Bag-2529
1 Comment
We also noticed this today!! Super frustrating.