fetaxbiz
Level 1
12-07-2019
04:08 AM
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Interest info worksheet says to either enter a % or the actual amount of tax exempt interest per state. But when I enter actuals, I get an error in the total % field even though the total I entered in the expanding table for all states does match the total exempt interest on line 8.
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rbynaker
Level 13
12-07-2019
04:08 AM
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This was a bug reported a while back, sounds like they haven't fixed it yet.
The easy work around, split the entry into two lines on the Sch B. Put the home state amount on one line, and the out-of-state amount on another line. The "out-of-state" interest gets entered as 100% "XX" state. That should get you where you need to be on the state return without having to override anything.
Rick
fetaxbiz
Level 1
12-07-2019
04:08 AM
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Thanks, that does make it a little cleaner and eliminates the bogus error on the federal (until they fix it)!
rbynaker
Level 13
12-07-2019
04:08 AM
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Yeah, I've actually been doing the 2-line thing for years. I guess it's good I never got into the habit of using the ProSeries allocate feature!
