I was not getting any answers so I called and ended up being assisted by Kathy. I sent her a scrubbed copy of 2020 and 2021 tax return. She ran the scenarios and came up with the same result on the scrubbed copies that I sent her. So she expedited this issue and submitted for further turbo tax investigation tied to case #[phone number removed]. I have not heard back yet on any resolution or any other way to fix this issue of on Form 2441, line 30, Part III, and line 3 Part II where Turbo tax is calculating a $510 tax credit on my 2020 Rollover.
Again here are my numbers: in 2020, my employer withheld $5000 for dependent care benefit , Box 10 of Form W2. In 2020, I did not use $2550 of the $5000.00 . I showed this as a roll over for 2021 on Form 2441 and the form properly was completed with no child care tax credit because all the expenses I turned in for reimbursement were from pre-tax dollars ($2450).
For 2021, I contributed $1200 to my employer's FSA DCB (box 10, $1,199.96), and I had a rollover from 2020 for $2550.00 So, I had $3,750.34 available FSA for child care expenses for 2021. In 2021, I turned in $2,902.27 for reimbursements. I forfeited $848.07.
Through the interview process, I entered the $2550 for a carryover from 2021. I entered the $848.07 for the forfeited amount. I entered $2,902.27 of reimbursed expenses for 2 children.
Turbo Tax populated Form 2441 as follows: Part I - entered all the provider's information and what was paid to them which equaled the amount I spent on child care in 2021 in the amount of $$2,902.27.
Line 12 of Part III shows $1,200 from my W2, box 10.
Line 13 of Part III shows $2,550 of the rollover from 2020 to 2021
Line 14 of Part III shows $848 of the forfeited 2021 FSA
Line 16 of Part III shows $2,902 of total amount of qualified expenses I turned in for reimbursement.
Line 17 of Part III shows $2,902
Line 18 of Part III -earned income $160,908
Line 19 of Part III - spouse income - $46,772
Line 20 of Part III - $2,902
Line 21 of Part III - $13,050 ($10,050 plus $2550 rollover)
Line 22 of Part III - 0
Line 23 of Part III - $2902
Line 24 of Part III - 0
Line 25 of Part III - $2902
Line 26 of Part III - 0
Line 27 of Part III - $16000
Line 28 of Part III - $2902
Line 29 of Part III - $13,098
Line 30 of Part III - $2500 - I believe this is wrong and should be 0
Line 31 of Part III - $2500 - I believe this is wrong too and should be 0
Part II, Line 2 Colum C - child one - $763 and child two - $1787 - I believe it should show 0 for each child, but I entered these expense that I was reimbursed for each child through the interview process. I tried taking out the expenses, but turbo tax kept still showed the $2550 rollover under child two.
Part II, Line 3 $2550 - I believe this is wrong since all the expenses I used in 2021 were pre-tax dollars.
Part II, Line 4 $160,908
Part II, Line 5 $46,772
Part II, Line 6 $2550
Part II, Line7 $207,975
Part II, Line 8 .20
Part II, Line 9a $510 ( I believe this is wrong)
Part II, Line 10 $510 ( I believe this is wrong)
Is there anyway to find out if the above information is correct so I can file my tax return, or should I go out and buy another tax software to complete my 2021 taxes?
