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Minnesota - Social Security Benefit Subtraction not calculating correctly
In the Minnesota State TurboTax, the software automatically calculates the "Social Security Benefit Subtraction" that shows on line 12 of the 2023 Schedule M1M, Income Additions and Subtractions. There is clearly a glitch. It is showing over 4X what it did last year on comparable inputs. I just got a letter from MN Dept of Revenue correcting my return and it is due to this.
I started a fresh return just to see if it has been fixed from when I did this over a month ago and it is still calculating incorrectly.
This is a problem that needs to be fixed.
March 13, 2024
7:43 PM