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Randy44444
Level 1

Profile Version 2024.2.5 Not Calculating Federal 10% Tax Abatement?

I have used software for years for my CCPC.

 

The federal tax abatement (10% of taxable income) is not calculating automatically and entering an amount requires an override, which does not seem appropriate.

 

I have taxable income and am paying both Part I and Part IV tax.

 

Am I missing something?

 

Thanks.

 

Randy

1 Comment 1
Randy44444
Level 1

Profile Version 2024.2.5 Not Calculating Federal 10% Tax Abatement?

OK - so I closed Profile and opened it again and there it was - calculated?

 

Magic.

 

Sorry about wasting your time.

 

Randy