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Level 2
posted Jan 4, 2021 3:44:07 AM

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.

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1 Best answer
Level 15
Jan 4, 2021 4:27:48 AM

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
Level 15
Jan 4, 2021 4:27:48 AM

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.....

Level 2
Jan 4, 2021 4:57:05 AM

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