When I do my North Carolina State Taxes (after completing federal taxes), it gives me the following numbers for income:
Federal Income: $97,357
North Carolina added this to your income: $0
North Carolina removed this from your income: -$92,525 (This is nontaxable income from my federal retirement under the Baily Bill.)
Your North Carolina taxable income: -$5,168
North Carolina income tax: $0
Income tax you already paid: -$360
Your North Carolina refund: $360
Is TurboTax calculating North Carolina taxable income incorrectly? Should I not be paying state tax on $5,168 rather than -$5,168?
