Skip to main content
Level 2
January 4, 2021
Solved

Bug in 2020 Form 8853?

  • January 4, 2021
  • 2 replies
  • 25 views

Line 21 says multiply $380 by numbers of days in LTC Period.  For me that means 365 x $380. Turbo tax computes $135,050 (based on $370 from last year I think) whereas should be $138,700 ??

 

Also, Line 26 for me is zero, and should carry forward to form 1040 as zero, but it carries forward amount from Line 17.

    Best answer by NCperson

    a lot of the form are still preliminary and still reflect 2019 - it appears to still be using last year's $370 in the calculation; TT normally updates the software on Wed nights into Thursday mornings.....

    2 replies

    NCpersonAnswer
    Level 15
    January 4, 2021

    a lot of the form are still preliminary and still reflect 2019 - it appears to still be using last year's $370 in the calculation; TT normally updates the software on Wed nights into Thursday mornings.....

    rms99Author
    Level 2
    January 4, 2021

    thanks. will try to be patient. i'm just doing a rough first draft now anyway.  I hope they pick up these two bugs.