I meet the requirements for this tax credit for the state of Montana as per Turbo Tax. I received a letter stating my refund has been changed and I don't understand it. I called and received another letter from them stating the same thing!
Line 23 was changed in the amount of property tax. The allowable property tax billed is limited to one acre. I have 2.5 acres. The property tax used is '80% of the amount billed. If your property is more than 20 acres, the property tax used in the credit calculation is the total amount of property tax billed divided by the total acreage.
They said I was no longer qualify for that credit. I really don't understand this. I am challenging it for a review. Is this a error that Turbo Tax should have caught? I can't seem to get a answer from anyone. My taxes paid was $1536.00 They changed to: $184.00 I could not get the figures to come out to that.
