CT-1040 Line 28 Turbo Tax Error

[RonTaylor]

For line 28 on CT-1040, turboTax is taking line 26 multiplying it by 12 and then multiplying it by 10% and not 1%. It states 1% (.01) but it is actually using 10% (.1). Can turbotax correct this error and put out an update ASAP for CT-1040? It would have been nice if this software was tested prior to release. Thanks!

[DawnC]

If you fail to pay the tax when due, interest will be charged at 1% per month or fraction of a month from the due date until payment is made.   I have tested this in TurboTax, and it appears to be calculating correctly; are you still having an issue with CT-1040?

[RonTaylor]

Below is what turbotax calculated on Form CT-1040 for line item 26 through line item 30. Yes, you have to download the specific state you want and only the federal forms are updated if you log in again, not the state. So, if line item 28 was correct since I downloaded my copy, I would not have those updates.

26. 2310

27. 231

28. 2772

29. 0

30. 5313

Thanks!

[DMarkM1]

Try selecting the "Online" tab at the top of your page and the "Check for Updates."  Any updates to state forms you have downloaded should also be found and installed.  The calculations in TurboTax desktop products for the CT 1040 appear to be working correctly.