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Level 2
Jan 4, 2021 11:44 AM UTC
Solved

Bug in 2020 Form 8853?

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.

    NCpersonAnswer
    Level 15
    Jan 4, 2021 12:27 PM UTC

    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
    Jan 4, 2021 12:27 PM UTC

    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
    Jan 4, 2021 12:57 PM UTC

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