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I have found an error on how Turbotax calculated an adjustment for State income tax adjustments. How do i fix this?

Item 9 on the GA Form 500 only includes interest income from one Federal Series EE bond, when this should have included income from both 1099-INT. How do i get this corrected? I shouldn't have to pay to talk to someone if it is an error in the software.
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3 Replies

I have found an error on how Turbotax calculated an adjustment for State income tax adjustments. How do i fix this?

Did you enter the interest income from the Bond in box 3 of the Form 1099-INT or in box 1?  It should have been entered in box 3 so it would not be taxable on a state tax return.

I have found an error on how Turbotax calculated an adjustment for State income tax adjustments. How do i fix this?

They are showing up in box 3 on the wages and income section. 

I have found an error on how Turbotax calculated an adjustment for State income tax adjustments. How do i fix this?

Just did a test return - The interest entered on two forms was correct on the Georgia return.

If you do not see the correct adjustment on Form 500, try deleting and re-entering the Form 1099-INT manually.

 

I entered two Form 1099-INTs with interest reported in box 3 of $5000 on the first 1099-INT and in box 3 of $500 on the second 1099-INT.

 

The total of $5,500 was reported on the Georgia Form 1 Line 10 Interest on United States Obligations.

The total of $5,500 was reported on the Georgia Form 1 Line 13 Net Subtractions

The total of -$5,500 was reported on the Georgia Form 10 Line 14 Net Adjustments.  Flows to Line 9 Page 2 Form 500.

 

Georgia Interest Adjustments.JPG

 

Georgia Interest Adjustments 1.JPG

 

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