Sovos Statutory Forums - 2020 FIT- loss discounting

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MikeS-BWBPC

01-20-2021 04:46 PM

2020 FIT- loss discounting

Are the loss discount factors updated in FIT module? The 2020 loss discount factors do not appear to agree to Revenue Procedure 2020-48? We have a similar issue tying out the 2018, 2019 loss discount factors to the relevant Revenue Procedure for those respective years.

Debbie

01-25-2021 04:38 PM

No. The loss discount factors have not been updated in TCP FIT. We are making fairly major modifications to various FIT pages for the next release, which should be in the next 10 days or so.

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