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Form 8815 Savings Bond interest exclusion for has incorrect amount for married filing jointly, line10
I am trying to report a US Savings Bond redemption Rollover into a 529 Plan.
Line 10 instructions on Form 8815 for tax year 2020 indicates that the income phase out level for married filing jointly is $123500 . Turbotax is using $121600 for the income level. I recall that was the level for tax year 2019? I think the software has at one error on this form? Its looks like the program needs to be updated to use the income limit for the current tax year 2020.
‎February 1, 2021
11:25 PM