Can I elect to refund NY IT-256 excess credit in TurboTax?

Forum|Forum|3 years ago
January 24, 2023
1 reply
12 views

This is New York special additional mortgage recording tax. TurboTax says I do not qualify, but the paper form and instructions allow it to be refunded.

TurboTax Deluxe Online

JosephS1

Level 8

It depends on your qualifications. Please clarify your district pertaining to the credit. You cannot claim the credit for the tax paid in Erie County or the Metropolitan Commuter Transportation District (MCTD). The MCTD consists of the counties of - New York County, Bronx County, Queens County, Kings County, Richmond County, Dutchess County, Nassau County, Orange County, Putnam County, Rockland County, Suffolk County, and Westchester County.

If you are not a resident of the above-listed counties, you may be able to claim the credit. Please check to make sure you did not make an entry error for your County and School District under your personal information.

@shem-sargent-ser

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shem-sargent-serAuthor

Level 2

Thank you for responding! I am in Ulster County, not in Erie County or the MCTD. The credit calculation seems to work, but after filling it out, I think the form is not allowing it because it thinks it is not refundable. However, the State's form does have the option to make the credit refundable if desired. IT-256 instructions: "Line 18 – You may elect to have the amount on line 17 refunded to you, or carried over to the following year or years."

DanaB27

Level 15

It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online:

From the left menu select Tax Tools.
Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

@shem-sargent-ser

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