taxiowa
Level 9
Level 9

All Iowa returns that are reporting a federal refund from 2022, which is about 75% of the returns are wrong as of the update this morning (3/21/24).  The federal refund amount from 2022 is showing up as double the amount on Line 14 of Iowa Schedule A.  This increases the Iowa taxable income by double the amount.  The real cause of this is coming from the federal tax worksheet Line Q showing a negative amount.  Iowa returns which are reporting federal owed from 2022 are not affected.

You can correct it by going into the Federal Tax Worksheet and deleting the amount on line Q if it is a negative amount equal to the amount above it below line F.  You also have to delete the amount below line R.  Returns that did owe federal tax last year and do not have a number on line A are not effected.  The update also changed all past returns that have not yet been e-filed.  So check all returns that have been printed but not filed before e-filing them.  @The_AntiTax_Man