Hello,
I'm inputting Nanny taxes, the (Schedule H) information, into TurboTax desktop. However, line 20 is incorrect and I am not sure if I need to manually fix.
IRS rules for line 20 (see line 15 instructions) states "If you paid any household employee more than $7,000 in 2022, include on line 15 only the first $7,000 of that employee's cash wages."
As a simple example, let's say I had 3 employees which I paid A = $10K, B = $8K, and C= $6K. TurboTax is showing line 20 as the full $24K, when it should only be $20K.
TurboTax does not seem to take information from the [Deductions & Credits] section of the child expense entries where the 3 employees were broken out. All other "step-by-step" fields for the Schedule H are entered correctly (as subject to social security and medicare should be $24K, but subject to FUTA should only be $20K).
Do I need to go into the forms and manually correct them?
Thanks
