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RESOLVED: CO-771 Line 104, in Section 10 May Not Calculate

In version 10.1.42835.0 (released April 14, 2021), the calculation on form CO-771 was revised to include the March 2021 Québec budget change that increased the small business deduction rate to 8.3% for days in a tax year after March 25, 2021.

This update inadvertently introduced an issue where line 104 in section 10 of CO-771 may not calculate correctly.

Workaround

If a CO-17 return shows this issue, please override line 104 with amount L (line 96) from section 8.2 of form CO-771.

Anticipated Resolution

This issue was resolved in the latest TaxCycle release.