Desperately need help to file CA state amend

[cathiexu]

Hi, I need to amend my 2021 CA tax by adding extra ~$200 foreign dividend payment as my taxable income. Due to technical issue with turbotax CD, I need to create corrected 540 manually by myself.  In CA ftb site, it says I need provide corrected 540 + schedule X. 

For corrected/amend 540:

1. For line 12, and 19: assumes last year I put 10k on 540 , should now be 10k+200?

2. For line 78, payments: Assume in old 540 it was 1k, should this corrected 540 still show 1k, as this was the tax payment my employer withheld to CA?

3. For line 93-100(Overpaid/Tax due): Last year when I filed 2021 CA tax return, I had overpaid tax on line 97. Now since it is the amended/corrected 540, I'm owing CA tax now, should I leave 93-99 blanket, and add my tax due amount in line 100?

4. For line 112- 114: Last year, the old 540 is blank as I was supposed to get return. Since this is amended 540, should I now add penalty and interest on line 112- 114?

5. For Line 115, on old 540, it showed tax return amount, should the amended/correct 540 be left with blank?

[RobertB4444]

Please clarify one thing - you were due a refund from California for last year.  Did you receive it?

@cathiexu 

[cathiexu]

Hi @RobertB4444 , I already received the refund from California for tax year 2021

Now I’m realizing I have foreign dividend that was not reported, so that’s why I need to file amend.

please help with the filing!

Thanks so much!

[RobertB4444]

Ok, so for the form 540 you're going to enter everything the exact same as it is on the original return EXCEPT for the income that you are changing.  That will change the tax due, of course, and result in form 540 showing that you are due a refund - but a smaller refund than you already received.  Then you are done with form 540.  

Nothing else should be changed on the 540.  It should look exactly like the return that you would have filed if you had had all of your information when you filed the original tax return.

That brings you to Schedule X.  Schedule X asks how much your refund is on the amended return and then how much you received originally.  When you subtract the refund you originally received from the smaller refund shown on your amended 540 it will result in a negative number that is your tax due.

Schedule X also offers you the opportunity to calculate the penalty and interest amounts for the tax that you'll be paying.  Since you are talking about a very small amount of income I would leave those amounts blank and submit the return with only the tax payment.  That will let the California FTB calculate the penalty and interest for you and send you a bill (which they may or may not even do).

@cathiexu 

[cathiexu]

Hi @RobertB4444, this is really useful, thank you!

By checking my old CA tax return of 2021, I found this schedule (California Adjustments - residents ) was also attached.  For amend purpose, should I also amend this schedule and mail to CA state? Thanks!

[RobertB4444]

You only need to include forms with your amended return that have changed from the original.  If none of the numbers on that schedule have changed then you don't need to include it.

@cathiexu 

[cathiexu]

Thank you @RobertB4444