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pgaribay
Level 1
06-08-2020
12:59 PM
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Error: "The taxpayer is subject to section 163(J) on Form 8990, limitation on business interest expense. The Cares Act changed the limitation from 30% to 50%, but this has not yet been implemented in the tax program".
When will this be resolved? E-filing is held up pending this correction.
Checked the box in section 3 - Apply CARES act provisions, but this did not fix the error.
Please advise.
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