I'm using Turbo Tax Business 2024 to complete a trust tax return. When running the error check I get the following error message: "Colorado Form 105, p3-4: Sch B subtotal percent should not be greater than 100%"
Another user reported this same error back in 2022:
"It appears TurboTax Business is taking the full Tier 2 distributions and not just the federal distributable income. Based off the Form 105 Instructions, I believe TurboTax is incorrectly pulling the total distribution information from Federal1041, Sch B, Line 11. It should be using the Distributable Net Income from Federal 1041, Sch B, Line 7."
Apparently, Turbo Tax has still not fixed this error.
When will Turbo Tax fix this error?