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Get your taxes done using TurboTax
Really like your answer about IRC 1341 Claim of RIght.
I read pub 525 and California 540 CA instructions, it appears to be if you claim a credit on the federal return, you need to do a deduction on state and if you claim a credit on federal return, you can claim a credit. Do I have the misunderstanding? What I would like to do is to take a credit on the federal return and also take a state credit on the CA state return using L78 of form 540. Is this possible? Thanks for your help!
2 weeks ago