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February 1, 2022
Question

Illinois schedule ICR does not calculate real estate tax credit

  • February 1, 2022
  • 1 reply
  • 0 views

Desktop Premier, Windows 10.  The form returns a value of zero because it is programed to use the wrong line of the form.  When will this be fixed.

    1 reply

    PhilD2Author
    February 1, 2022

    My mistake; the form APPEARS to return the wrong value but is correctly returning a value of zero for RE Tax Credit due to an income limitation [250/500k AGI].  However this is not apparent when looking at the form.

    February 1, 2022

    We will pass along the feedback regarding your comments on the form. I am also attaching an applicable link just for reference:

     

    Tax Aspects of Home Ownership: Selling a Home

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