TaxWise has big error with exempt interest on MA returns

Jan 29, 2008 0 Replies

I wanted to give a heads-up to anyone (pro or VITA/TCE) who is using TaxWise and does Massachusetts returns.



At the moment, TW has a big error handling tax-exempt interest on MA returns. Specifically, for federally tax-exempt interest items entered on the "Interest Received" worksheet, the "State Adjustment Amount" is completely ignored in the calculation of MA Sched B Line 6.



I have just filed a bug report to TW customer support. If/when I hear anything back, I'll pass it along.


-- Rich Carreiro snipped-for-privacy@rlcarr.com


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