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Level 2
January 22, 2024
Question

Massachusetts Schedule SC error

  • January 22, 2024
  • 1 reply
  • 7 views

line 7 of the Massachusetts schedule SC says to multiply line 6 by .6 (60%).  The calculation done by Turbotax gives the wrong number.  It multiplies by .4, not .6.  The low changed from .4 to .6 last year!

    1 reply

    Level 15
    January 22, 2024

      Click Review to see if you are missing some forms needed in order to e-file.

     

    Many federal and state forms are not yet available.  Check here for form availability. The dates are subject to change.

     

    Tax form availability tool,

     

    No hurry to e-file since the IRS will not begin to accept/reject 2023 e-files until January 29.   And….a state return cannot be accepted until after the IRS accepts your federal return.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    Level 2
    January 22, 2024

    The error is a computational error.  The instrctions are correct but the program uses 40% instead of 60% in the calculation.  The 40% number was correct last year.  It changed in 2023.