Question

In MN property tax, form M1PR, if you did a Trad. IRA contribution, it is added in twice. On line 3 & line 5. So, a $7500 IRA contribution adds $15,000 to my income

Forum|Forum|2 years ago
March 16, 2024
1 reply
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This is obviously a bug, but I can't figure out a way to report it to Intuit. When calculating the income to base MN property tax refunds on, it adds in the IRA contribution on line 3 and again on line 5 (thru Schedule M1PR-A1). So, if I do a $7500 Traditional IRA contribution, it adds $15,000 to my income. Later on, it does subtract out most, if not all of one of these (line 9 subtracts up to $6500 for a "Retirement Account Subtraction").

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CatinaT1

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C

cindy3925Author

Problem still exists. I got around it by overriding the line on form M1PR-A1 and setting the amount to zero. But I just updated the software and tried canceling the override -- it sets it back to $7500.