- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Claiming LLC or AOTC gives my son a full refund of the $64 tax deduction from his lifeguarding job, but he ended up owing almost $300 in state taxes (Virginia). Did I do something wrong?
I instead entered his QTP earnings using this formula (scholarship amount / total distribution) x total earnings from distribution. Using this he gets his $64 refund and $0 state tax. Is this the way to do it?
March 7, 2024
10:38 PM