Hi there. While Schedule H has been released, at least based on our personal circumstances, where we have provided paid Family Leave to our housekeeper under FFCRA, it appears that the Schedule H calculations in Turbotax are incorrect in that they are not following the formula's prescribed by the IRS to determine the non-refundable and refundable portion of the Family Leave credit. This could potentially impact the amount of taxes you owe. Below is a summary of the issue that I reported to TurboTax today. Flagging in case you or others are impacted by the same issue, as you may want to hold off on filing until TurboTax acknowledges / resolves the issue with a software update.
I am using TurboTax Premier (Download) for Mac - 2020. This error will not be visible to you unless you review the Schedule H in "Forms" mode.
On the "Lines 8b and 8e - Nonrefundable and Refundable Credit for Qualified Sick and Family Leave Wages Smart Worksheet" of Schedule H, Line F calls for you to add amounts from lines 8h, 8i of Part I of the Schedule H with Line E of the Smart Worksheet.
Line F is a calculated field that cannot be overwritten.
It appears that Line F is not pulling the data from line 8h (and potentially line 8i) of the Schedule H.
For example, on my return, line 8h of Schedule H has a balance of $3,634 and line E of the Smart Worksheet has a balance of $53, so Line F of the Smart Worksheet should be $3,687 ($3,634 + $53), but Line F of the Smart Worksheet is only showing $53.
Because Line F is a direct or indirect input to Lines G, H and I of the Smart Worksheet, in my instance, this is then causing Lines G, H and I of the Smart Worksheet to be underreported.
