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From: dave on 31 Mar 2010 22:25
On Mar 30, 11:49 pm, Notan <notan(a)ddressthatcanbespammed> wrote:
> On 3/30/2010 9:20 PM, dave wrote:
>
> <snip>
>
> LMAO!
>
> I'm sure that you, more than most, appreciate TT's claim:
>
> "Guides you through your taxes step by step, like a GPS…
> with special guidance for first-time users."

Folllowing Jennifer_S's instructions to make a manual adjustment on
line B of TT's "Gross Income from all Sources Smart Worksheet" (found
just above line 3e) fixes the 3e calculations. But that creates a new
error on line 4a because TT already excluded tax-exempt income on line
8b when determining the "gross income" amount used in the Home
Mortgage Interest Worksheet.

What is really stupid is that Intuit's professional tax folks have
known about the problem for years--

see -- http://www.protaxproducts.com/support/support_bulletins/lacerte_tax/2004/387171.aspx

Lacerte states that the IRS revised the Form 1116 instructions in
January 2005.

I found old Form 1116 Instructions on my hard drive, which confirms
this:

Line 3e. Enter on line 3e in each
column your gross income from all
sources and all categories, both U.S.
and foreign. This figure includes, but
is not limited to, foreign earned
income you have excluded on Form
2555 or Form 2555-EZ; tax-exempt
interest from Form 1040, line 8b; and
the nontaxable portion of U.S. social
security benefits included on Form
1040, line 20a.

As I am not old enough to draw social security, I have no idea how TT
is dealing with that !

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