2018 Lacerte Tax Update is available for download on 8/21/2019 (Version 39.0821). This update includes the following items;

Individual

KY Form 740 Line 33 Shows "Repaid" In Place of "Prepaid" with Extension

When viewing Kentucky Form 740, the description for line 33 shows "repaid with extension" when it should show "prepaid with extension".

MD Form 500CR Page 6 Line 37 Calculates Amount When Line 32 is Blank

Maryland Form 500CR line 30 reports an amount of zero.  However, line 31 reports an amount.  Since line 32 should display the lesser of the two, this line should also show zero.  Currently, the program is incorrectly reporting the amount calculated on line 31.

NC Amended Form D-400 Line 28 and Line 34 Overpayment Reduced Twice

When completing a North Carolina Amended Form D-400 with an amount entered for underpayment Screen 59.241, and an overpayment reported on line 28, the underpayment reduces the overpayment twice.

Example: If the underpayment amount is removed, the overpayment on line 28 is 6,000, add the overpayment back and line 28 shows 5,000.  However, line 34 shows 4,000 when it should be the same as line 28.

WV Late Penalty and Interest Calculation Using Total Tax

When viewing the West Virginia late penalty and interest calculation, the program is using total tax, expecting to use the balance due.

Partnership

MD Form 500CR Page 6 Line 37 Calculates Amount When Line 32 is Blank

Maryland Form 500CR line 30 reports an amount of zero.  However, line 31 reports an amount.  Since line 32 should display the lesser of the two, this line should also show zero.  Currently, the program is incorrectly reporting the amount calculated on line 31.

S-Corporate

MD Form 500CR Page 6 Line 37 Calculates Amount When Line 32 is Blank

Maryland Form 500CR line 30 reports an amount of zero.  However, line 31 reports an amount.  Since line 32 should display the lesser of the two, this line should also show zero.  Currently, the program is incorrectly reporting the amount calculated on line 31.

Corporate

MD Form 500CR Page 6 Line 37 Calculates Amount When Line 32 is Blank

Maryland Form 500CR line 30 reports an amount of zero.  However, line 31 reports an amount.  Since line 32 should display the lesser of the two, this line should also show zero.  Currently, the program is incorrectly reporting the amount calculated on line 31.