H&R Block Software Flaw?

Question

I am using both TT Deluxe and H&R Block Deluxe, basically side-to-side in order to compare the two products.

At the moment, it looks like Block has a serious flaw, as follows:

I have a 1099-DIV imported from Ameritrade. Box 10 has a tax exempt dividend of $336. Box 12 shows, correctly, MI. However, this figure incorrectly flows to Schedule 1 of my Michigan 1040 and hence gets added to my Michigan income. Why? It does not in TT. How do I correct this?

Incidentally, when I go to my State Return, click on forms, and look at the Divd. Worksheet, it shows TD Ameritrade and under that it says Muni Bond Fund, out of State, $336. Why? It?s in-state, Michigan?

ira smilovitz · Accepted Answer

While I'm not familiar with the inner workings of either program, it seems obvious that the Block program assumes all muni interest is out-of-state unless you set a flag somewhere that tells it that it's in-state. TT either does the opposite or reads the state indicator from the 1099.

Ira Smilovitz

Troubled · Answer

My H&RBlock works properly on manually entered 1099s. Can't tell you about downloaded ones because apparently there is a flaw and it doesn't work with Fidelity or Etrade. They advised me to do it manually as it might never be fixed.

MZB · Answer

That's an idea. I'll maybe delete the 1099 and then enter it again, manually. Strange. I have to believe that I'm missing something. I know when you check the forms the 1099-INT ones that show non-taxable interest are followed by a question asking how much of it is tax exempt for Mi. Still, very awkward, and nothing like that for the 109-DIV

Mel

MZB · Answer

Guess what? IT WORKED. I went in and delete the line 10 amount. Then I created a new 1099-DIV.  When I put in the amount, it asked me how much of it is tax exempt. That  did it. Mel

H&R Block Software Flaw?

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