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Lacerte > 04Tax > Individual > OK

Problem

The Oklahoma ES Worksheet is using Self Employment Tax in the Federal Income Tax Deduction on line 8, which is used in calculating the tax using Tax Method 2. This results in a lower required estimate amount since the taxable income is lower.

Solution

To generate the correct amounts on the Oklahoma Estimate Worksheet, line 8 by entering an adjusting amount in "Federal income tax deduction [A]" (Screen 7, code 830).

Note: If the return was not locked after making these adjustments, then, after installing Lacerte CD-4, please restore the original input so as not to affect future processing or proforma of your return.

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