bheizer
Level 4
02-26-2021
06:59 AM
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Has anyone else filed Schedule J for their farmers or fishermen? The figures calculated on the worksheet doesn't make sense to me....i.e. the worksheet for 2017 tax year figures there is no tax on $42,877 taxable income for MFJ.....If I follow the instructions for schedule J, it says to figure tax on $42,877 using the 2017 chart which I did. I come up with $5499 and the worksheet says zero....Intuit swears they are right. In particular I'm referring to line 7 on the schedule J. For my client, that line says $42,877.....
The other worksheets are the same....Intuit has line 4, 8, 12 & 16 all zeros which means my client would owe no income tax......
It just doesn't seem right....
Any advice????
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