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Level 1
posted Mar 13, 2023 2:49:15 PM

TURBO TAX TRUST - WRONG NUMBERS TRANSFERRED TO STATE TAX RETURN - BUG IN THE SOFTWARD, HELP!!

I did the federal part on a trust, this is a rental trust, the only form I used in federal is Schedule E with a loss of $15000, therefore no tax due on federal. But when I do the Massachusetts's return, on Form 2, line 4, it shows a loss of $4800 only. I don't know how this happen. I think there is a bug in the software. Anyone experienced the same thing? someone should look into this. I have been trying to call Turbo Tax to get assistant, going nowhere.

Very frustrated, I spent a whole day today on this problem

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1 Replies
Level 15
Mar 13, 2023 3:08:19 PM

So that it is clear, are you using TurboTax Business (with MA state) to prepare a 1041 for a trust?