Schedule CA 540 mortgage interest error?

Den
Den Member Posts: 3 Newcomer
in Credits/Deductions

Hi All,

Is anyone else having trouble with line 8e of the Schedule CA 540 not adding a through c together, only taking c? I think this may be an error in the software where its not combining the full interest amounts allowed for state deduction?

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Answers

  • JMSSGV
    JMSSGV Member Posts: 152

    Do you have entries in Lines 8a, b, and/or c in column C?

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  • Den
    Den Member Posts: 3 Newcomer
    https://community.freetaxusa.com/discussion/comment/4100#Comment_4100

    I have 8a which is the federal amount max reported on the 1098 from the bank then the carry over to C (column) - additions which in CA is max up to $1million. Then the total under 8e should also be adding 8a through 8c as well as the additions in C(column) correct? But it looks like Tax USA software is not doing that this year and only taking Column C whereas last year I can compare it was adding it correctly leading to think this is a software error.

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  • JMSSGV
    JMSSGV Member Posts: 152

    Sounds like a technical issue you need to bring up with FreeTaxUSA support.

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  • Den
    Den Member Posts: 3 Newcomer

    Thanks, I have a open ticket with them, just checking to make sure I'm wrong.

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