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New Member
posted Mar 24, 2024 6:59:20 PM

2023 T777 Has Calculation Errors

Please review the code which calculates the Values for box 5 and box 6 on form T777. 

It appears that the underlying calculations utilize the old values from 2022 rather than the updated values for 2023. 

i.e. For box 5, $42,353 should be used, but the calculation uses $40,000 which is from 2022.  For box 6, $950 should be used, but the calculation uses $900 which is from 2022.

 

Thanks in advance.

0 2 896
2 Replies
New Member
Mar 24, 2024 7:18:38 PM

I think my misunderstanding is due to the fact that my lease commenced in 2022, which is why the calculation uses 2022 values of $40,000 and $900 respectively rather than the 2023 values.

Thanks.

Intuit Alumni
Mar 25, 2024 6:45:00 AM

Thank you for the update.  Yes, that could be a reason.

 

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