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2020 SIMPLE IRA Contribution limit problem

co
Level 2

ProSeries Pro has error in SIMPLE IRA contribution limit. Instead of using $16500 ($13000+$3500 catchup) for 2020 it is using $16000

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8 Replies 8
Just-Lisa-Now-
Level 15
Level 15

@co wrote:

ProSeries Pro has error in SIMPLE IRA contribution limit. Instead of using $16500 ($13000+$3500 catchup) for 2020 it is using $16000


 

Its  actually 13500 + 3000 catch-up for 2020 (not 13000 + 3500) . 

But youre saying the total isnt computing correctly?   Yes, I see it, it carried the 16500 down the page to the bottom, then limits it to 16000.

@IntuitAustin  whos managing  the bug list?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
co
Level 2

Correct:

SIMPLE IRA WORKSHEET

Part V, line 1 and 2shows $16,000 not $16500. Then the $16000 feeds Schedule 1, Part !!, line 15 with $16,000

 

co

 

Skylane
Level 8
Level 8

@Just-Lisa-Now-  They never reacted well to the ‘bug blog’.... i don’t think they like the term.... maybe if they gave a little ‘community’ real estate to ‘current issues and resolutions’ or something similar, we could easily see the status of some of the reported problems.

If at first you don’t succeed…..find a workaround
IRonMaN
Level 15

"maybe if they gave a little ‘community’ real estate to ‘current issues and resolutions’ or something similar, we could easily see the status of some of the reported problems."

They were going to work on doing something like that last year ------------- at least that is what we were told.  But then again, some folks said that someone else won the presidential election so you evidently can't believe everything you read on the internet.

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
co
Level 2

Who is in CeCe Morken's spot now ?

0 Cheers
Skylane
Level 8
Level 8
DiDi
If at first you don’t succeed…..find a workaround
sjrcpa
Level 15

 They don't like the term "bug". It's Unexpected Behavior" 😃


ex-AllStar
itonewbie
Level 15

@sjrcpa wrote:

 They don't like the term "bug". It's Unexpected Behavior" 😃


And deficiencies are called "working as designed". 😁

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Still an AllStar