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05/24/2012 at 04:51PM PDT

Important Announcement! A planned system-wide upgrade will take place over the Memorial Day Weekend in the US (From Thurs, May 24, 2012 at 6 pm PDT thru Tues, May 29, 2012 at 5 am PDT). This includes QuickBooks, QuickBooks Payroll, Point of Sale, & Salesforce.com. This is only for US based products. This does not affect QuickBooks Online customers! During this time, you can shop, but can’t place orders online, activate products or update account info. We apologize for the inconvenience & thank you for patience while we improve our infrastructure to better serve you. International versions are unaffected. For more info, see our community discussion.

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New Member

02/11/12 8:21pm PST
Viewed by asker 02/14/12 3:04pm PST

California First time Homebuyers' Credit Issue

ProSeries

California first time homebuyers $3333.00 credit reduced in second year? Why?
I can't figure out the calculation with cross referencing all entries. Any ideas or explainations? The credit was reduced by $270.

2 Replies

Accountant Community AllStar

Intuit Moderator

Accountant Community AllStar

02/11/12 9:41pm PST

What was their tax liability? Try right clicking on the amount and cross reference.

Hail Cleo-Cat-Tra, Queen of Denial. I didn't do it.

For a professional answer you might want to ask this question of a paid support person at Intuit Tech Support (800-434-6818). Volunteers are not compensated or supported by Intuit.

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$7500 liability

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